Full text of Commercial and Financial Chronicle : November 17, 1894, Vol. 59, No. 1534

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ft
§ iiw is p ~ p e i,
REPRESENTING TH E IN D U STR IA L AND COMMERCIAL IN TERESTS OE TH E U N ITED STATES.
[Entered aocording to Act of Congress, In the year 1894, by the

VOL. 59.

Wil l ia m

B.

D a n a Co m pa n y ,

In the office of the Librarian of Congress.]

SATURDAY, NOVEMBER 17.1894

dhvonidt.

14‘1 per cent, and the decrease from 1891 is 14*8 per cent.
Through the courtesy of Mr. C. E. Herrick we are able to.
include Rockford, Illinois, in our table.

Terms o f Subscription—Payable in Advance:

Week ending November 10.

For One Y ear................................................... ................ . $10 00
For Six M o n t h s . . . . . . . . . .. . . . . . . . .. . . . ......................... .
6 00
European Subscription (including postage)..................... 12 00
European Subscription Six Months (including postage).
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Annual Subscription in London (including postage).... A2 10s.
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do.
do.
do.
— £ 1 10s.
The I nvestors’ Supplement of 160 pages is Issued every other
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o f the Chronicle for six months or longer.
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Terms of Advertising—(Per inch space).

Onetime..................... .
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(4 times).. 1100 Six Months
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London Agents:
Messrs. E d w a r d s & S m i t h , 1 Drapers’ Gardens, E. C., will take sub­
scriptions and advertisements, and supply single copies of the paper
at Is. each.

Clearings at—
N ew Y o r k .................
P h ila d e lp h ia ...........
P ittsb u rg ..................
B a ltim o re.................
B u ffa lo .......................
W a s h in g to n ............
R o c h e s te r .................
S y ra cu se ...................
W ilm in g to n .............
B in g h a m to n ............
Scran ton *.................
T o ta l M id d le .......

Clearings.

1893.
$455,301,590
72,788,571
54,785,061
11,994,191
79,440,175
19,867,740
10,281,509

+ 5-1
- 0-6
+ 1-8
+ 5-8
+ 2-1
+ 9-8
—12-1

S e v e n c itie s , 5 d a y s ..........
O th er c itie s , 5 d a y s ..................

$731,386,193
135,168,923

$704,458,837
132,511,761

T o t a l a ll c it ie s , 5 d a y s ___

$866,555,116
168,771,108

$836,970,598
153,918,600

+ 3-5
+ 9-7

T o ta l a ll c itie s f o r w e e k ..

$1,035,326,224

$990,889,198

+ 4-5

The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
W e give below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur­
day noon, November 10, and also present the totals for the cor­
responding week in 1893,1892 and 1891. In comparison with
the preceding week there is a decrease in the aggregate
exchanges of about one hundred and sixteen millions of
dollars, the loss at New York being eighty-two millions. Con­
trasted with the week of 1893 the total for the whole country
shows a decline of 3*2 per cent. Compared with the week of
1892 the current returns show a falling off of 22*4 per cent,
and the loss from 1891 is 30 per cent. Outside of New York
the excess over 1893 is 0*4 per cent, the loss from 1892 reaches




585,615,056

—5-3

762,235,913

895,885,774

84,941,212
+0*4
5,042,600
+ 2-1
2,020,642
-9 -4
1,362,443
+ 9-0
1,510,149
+3*6
1.134,754
+0*5
1.626.096 . —20-3
899,682
—4*5
714.350
—16-7
593,109
—38-6
99,845,037
-0 -2

95.160.806
6.599,900
2.027,764
1,431,110
1.635,069
1384.661
1,402,924
996,046
684,650
616,664
110,839,594

95.514,595
6,089,700
1,876.172
1.596.467
1,549.835
1.303.630
1,261,744
918,822
568,786
110,679,748

101.988,467
H.810,950
8,232,756
7.516,506
6.284.564
3,947.700
1,791 800
1,014.727
980,329
416,327
418,702

101.420,430
14.938.750
7.326,495
6.241,108
5.733.761
3.460.200
1.848.564
2.363.660
916.081
496,951
340,321

T o t. M td. W e s t ’n .

T o ta l P a ciflo .......

12.068.867
1.533,422
1,177.990
510,960
578,752
1,197,910
648,717
299.614
78,725
156,742
18,251,699

12.657,620
1.491,211
999,412
545.942
680.121
1.046,863
400,00U
218.241
155,464
185,000
18,379,874

—4'7
+2*8
+17-8
—6*4
-1 4 - 9
+14-4
+62*2
+37-3
-4 9 -4
—15-3
—0-7

9.267.361
10.669.343
8.652.684
7.869.725
4,832,932
4,881.737
4,141,025
4,185.101
2.335.660 . 2.280.969
1,962.533
2,300,000
1.668.597
1.336,387
750,820
690.934
930.750
1,097.108
693.992
570,521
296.558
392.388
442,107
396,160
89,372
67,317
36,941,700
36,792,381

+15-1
—9-0
+ 1-0
+ rl
+ 2-4
+17-2
—19'9
-8 -0
+17-9
-8 -6
+32*4
-1 0 -4
—22-4
+2*4

Rfc. P a u l.....................

F r e m o n t...................
T o t . o th e r W e s t.

1891.
$
791,100,155
67,056,742
13,137,629
15/82,006
3,836,302
2,025,3®.
1,651,711
920,135
905,613
270,700

+§•«
•+8*6
—16-9
-4 -8
+18-3
+13-8
+53-0
—24-1
—19*5
+42-5
+19*1
+26-4
—18-4
+23-0
+10-4
+15-1
+3*9

+ 3-8
+ 2-0

B o s t o n ........ .......... .....................

1892.
$
656,525,364
67,469.142
13,361.593
14,325,558
4,517,307
2,339,628
1,618.139
968.964
796,523
283,700

85.549.687
12.052.000
6.236.388
6.504,659
4,787,578
3.467.700
1.508,056
1.453,678
1.242,835
282,301
• 277,826
266,761
214,762
182,994
165.724
148,838
123,331,877

P er Cent.

$478,657,886
72,350,544
55,744,228
12,686,183
81,089,628
21,817,907
9,039,917

1894.

P . Cent.

$ *
—6-4
499,261,996
—0-4
53,335,851
11,271,424
+80
+3-8
11,931,708
—9-3
4,328,822
1,706,872
+ 7-0
1,643,006
—6-5
1,039,750
—15-6
—12-0
772,727
323,100 f + 3-7

88,609,826
13,087,700
4.350,820
6,194,200
6,702,240
3,929,600
2,307,480
1,102.772
1.000,000
402.772
331,100
337,278
175,159
225,000
171,003
171,280
128,099,130

Week Ending November 17.

1894.

$
467,522,590
53,111.887
12,174.428
12,381,896
8,926.054
1,825,481
1,536,519
817.443
680,000
334,900
617,526
651,340,248

1893.

N ew B e d fo r d ..........
T o ta l N ew E n g ..;

CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, November 17, have
been $1,035,326,224, against $899,644,774 last week and $990,889,198 the corresponding week of last year.

1894.

85,316,285
5,146,800
1.830,951
1,485,982
1,563;839
1,139,971
1.296.055
859,108
695,111
364,417
99,598,519

B o s t o n .......................
P r o v id e n c e ...............
H a r tfo r d ...................

W I L L I A M B . D A N A C O M P A N Y .) P u b lis h e r s )
P in e S treet) N . W . C o rn e r o f P e a r l S treet)
P ost Office B ox 958.
NEW YORK.

Return* by TelegrayU.

NO. 1537.

286.164
235,834
160,000
148,064,826

145,079,821

14,784,926
2.500.000
2.206.686
923.748
1.093.988
845.623
749.933
1.090.004
160,000

22.245,814
2.806,771
1.737.798
890,470
1.310,220
852,300

24,354,906

30,328,308

11.206.023
10.300.000
5.654,336
5.388.065
64
2,100,000
1,610,010
1.239,004
1.117,292
698.997
518,527
403.856
108.000
45,690,584

11.640,833
11.328.690
4.727,929
6.164,654
4.682.377
2,731,409
1.543,012
1.096.9Ö3
857.998:
607.188
575.769
422,226

24,913,124
25,066,843
-4 * 7
12,076,081
—20-6
12.783,225
8.795.160
6.360.762
-1 7 * 8
-18*4
3.319.503
4,213,965
2.968,565
—12*0
3.762.631
2.412.346
2.200,000
+6*7
3.051.738
—3*0
3.215.605
3,805,727
2.343.828 * +10*7
+23*7
1,915,509
875.000
1.742.031
1.645.312
+10*3
+0*6
1.092,184
1,086.156
+46*5
893,580
L070.821
+45*2
895.114
800,000
660,381
575,847
+12*9
437,924
170.026 +177*3
334.859
+22*8
346,252
206,724
-3 * 6
407,150
-6 * 0 ' 69,360,565
66,667,527

... ....

135,000

46,378,997
25,594.146
12.657,523
7.087,956
4.666.958
2.995.262
2.230,668
2.738,783
3.691.372
1.837,127.
2.087,321
1,418,164
925.000
462.700
1.079,588
589,520

T o ta l S o u th e rn ..

23,744,090
10.158.038
5.228,258
3.438,862
3.309.761
2.347,906
3,119,640
2.593,342
1,082,623
1.815,621
1.098,960
1.568,918
1,300,000
650,000
496,467
411,234
199.177
62,562,797

T o ta l a ll................

899,644,774

929,731,071

—3*2 1,159,646,764 1,298,503,314

O utside N . Y o r k .

432,122,184

430,619,075

+0*4

H a m ilto n ..................

14.196,293
6.373,732
1,397,19s
801.306
1,650,810
22,768,629

T o ta l C anada.—

N o t in clu d e d in to ta ls .

439,000
70,501,100

503,121,390

507,403,159

12.562.316
12.292.151
+15*5
6.557.320
6.673.192
—4*8
940,000
+3*8
1.346.631
780,000
894,947 . —10*5 ;

10.965,983
5.987,419
1.033,562
659,418

20,789,636

18,596,386

21,206.921

+7*4

THE CHRONICLE

850

[Y ol . L IX .

tions will not be paid at once in full. They are not re­
quired to be of course, but they will be in very large
The event of the week has been the circular issued part unless the money market improves so that it is
inviting subscriptions to the 50 million 10-year 5 per cent more profitable to hold the money than the bonds.
loan which circular is published in a subsequent column
Judge Brewer, in the United States Circuit Court at
(page 859), together with all the bids and awards Omaha, has this week rendered a decision on the valid­
under the previous loan in February last. We have ity of the Newberry Maximum Freight Bill, passed by
elsewhere remarked upon the need there is for the the Nebraska Legislature in April last year. The de­
present issue. As the success of the loan is assured, cision is in harmony with previous rulings of the
the only remaining question which has elicited dis­ United States courts in holding that State legislatures
cussion is the effect of the negotiation on the money and railroad commissions cannot enforce rates which are
market. The general opinion seems to be that the unjust and unreasonable to those who have invested
settlements for thè subscriptions will all be effected money in railroad properties. The law provided for an
without leaving any important change in rates. That important reduction in existing tariffs on business with­
is possible but it strikes us as being improbable. Of in the State and was to have gone into effect the first
course by the word “ important" we do not mean that of August 1893. But the stockholders of the differ­
the negotiation will result in a radical modification in ent companies having lines in the State stepped in, and
the conditions, but simply that it will relieve the de­ through suit in the Federal Court enjoined the State
moralization which has existed and give us a better and Board of Transportation from enforcing the provisions
healthier market. A material difference bearing on of the law. One of the points raised by the plaintiffs
the question is that the operation starts with cash was that the law was unconstitutional, various grounds
holdings in our banks November 10, 1894, of only being assigned in support of that view, but Judge
$209,713,700 and a surplus reserve of $61,669,650, Brewer distinctly affirms the constitutionality of the
against cash holdings February 3, when the settlements act. He, however, stays the operation of the statute
for the previous loan began, of $249,575,100 and a because the schedule of rates fixed in it does not appear
to be justified by ruling conditions or by the earnings
surplus reserve of $111,623,000.
This change in the position of the banks in this city of the properties. “ The conclusion to which I have
is significant. But a further fact to be placed in con­ come," he says, “ is that, having regard to the present
nection with the foregoing figures is that the condition of affairs in this State, the present volume
settlements for the former loan, which were substan­ of business done over these roads, and any
tially completed in the two. weeks from February 3 to probability of a change in that volume, a
February 17, left the banks on February 17 with cash reduction of 29£ per cent in the rates for local
holdings of only $207,034,900 and a surplus reserve of freight is unjust and unreasonable to those who have
$74,536,825; that is to say, the operation, drew out of invested their money in these railroad properties." He
the cash holdings $42,540,200 and drew down the says he is reluctant, as every judge should be, to
surplus reserve $37,086,175. If we were to assume interfere with the deliberate judgment of a legislature,
that the present loan would have a like effect, the but having taken much time to consider the case
banks after the settlement would have cash holdings in all its bearings, he is forced to order decrees in
of about 167 million dollars and their surplus reserves behalf of the plaintiffs. He thinks, however, it is
would be reducejd to 24£ million dollars. No doubt possible that at some future time, with the growth of
these latter results show a large enough supply to begin business, the rates now proposed may become just and
He therefore grants the defendants (and
the winter with, but if they should approximately rep­ reasonable.
resent the outcome of the negotiation on our Clearing this is entered as a proviso to the decree) leave to apply
House institutions, they would we believe produce a to the Court, when they are advised that the situation
has changed, for a re-investigation of the question.
more wholesome money market here than now exists.
Money on call, representing bankers' balances, re­
Very possibly a belief prevails that any drawing down
of the money reserve here will be quickly repaired by mains unchanged at 1 per cent. The average is at this
new supplies from the interior banks. That may be figure, the entire business being done at that rate; re­
so, to be sure, and yet there are some considerations to newals are also uniformly made at 1 per cent, while
be urged in favor of the opposite view. Unless our banks and trust companies likewise loan at said figure.
banks put up the rate for deposits from interior banks Early in the week, when the news of the intended
the attraction of one per cent, the rate ruling for new issue of bonds seemed to be authentic, many of the
business, will hardly stimulate much of a movement banks, trust companies and other institutions with­
towards this centre.
Moreover, taking the na­ drew their offerings of time money, which they had
tional banks as a whole the cash holdings of been pressing upon the market through brokers, and
those outside of New York, according to February consequently the supply diminished, but the demand
return were $256,568,732, by the July return they did not increase, and the transactions even for short
were $254,294,701 and by the October return they were dates have this week been few. Quotations are 1£ per
$231,168,215.
Those figures include cash of all cent for thirty days, 2-J for sixty days to four months
kinds, gold, silver, certificates and legal tenders, and 3 for five to six months. One l«an for a round
and show that on the 2d of October the banks amount on high grade collateral is reported to have
mentioned had about 25^ million dollars less cash been made at 3 per cent for twelve months, but this
in bank than they had in February. This change must be regarded as exceptional, and brokers report
would indicate a smaller supply idle, to be sent to New that offerings are not free for periods beyond six
York and elsewhere, and consequently better business months. More inquiry is looked for in short-time
in progress and better employment for currency at loans for periods within which the market may natur­
home. Business is improving too all the time, and this ally be expected to be disturbed by the settlements for
negotiation will likewise tend further to develop indus­ the Government bonds, but the prevailing belief is
trial affairs. Again, it may be urged that the subscrip­ that a great part of the requirements of the market, at

THE FIN A N CIA L S IT U A I IO N




N ovember 17, 1694.]

THE CHRONICLE.

851

least for the next sixty days, can be supplied in the except at concessions. The tone was weak on Wednes­
call loan branch. There is as yet no increase in the day morning, affected by the official announcement
volume of commercial paper, but the demand is less of the bond issue, and though there were no more bills
urgent for the reason that competition is smaller be­ offering, the demand was small and rates fell off to the
cause of the withdrawal from the market of some of figures ruling for actual business on Monday morning,
the banks and institutions which intend to bid for the Early in the afternoon the market grew firmer on a
new Government bonds. Rates are quoted quite firm revival of the inquiry for remittance, and it was dull
Yesterday the
at 2 f@ 3 per cent for sixty to ninety day endorsed bills and steady on Thursday, closing firm.
receivable, 3 @3£ per cent for four months commission condition was much the same, but the close easy. The
house and prime four months single names; 3£@4 per following table shows the daily changes in rates of
cent for prime six months and
per cent for good exchange by leading drawers.
Th urs.,
Fri.,
W e d .,
M on..
T n es.,
Fri..
four to six months single names. Of the latter there
N o v . 9. N o v . 18. N o v . 13. N o v . 14. N o v . 15. N ov . Id.
is a fairly liberal supply, but they do not sell freely.
87
87
87
87«
87
87
B row n B r o s . . . . { g ° $ I S; : 8 8 «
88
83
£8
88
88
Nothing has occurred in Europe the past week to Baring,
87
8T
87
87
87
87«
(6 0 d a y s ..
88
88
88
88
disturb or affect monetary affairs to any material ex­ M agoun A Co. \ S ig h t..... 8 8 « 88
87
87
87
87
Bank B ritish
( 60 d a y s .. 8 7 «
tent. Our London correspondent cables us that Russia N o. A m erica.. < S ig h t ..... 8 8 « 87'
88
83
88
88
83
87
87
87
f
(6 0 d a y s .. 8 7 «
87
has this week returned to the Bank of England £793,- Banknotr e a l». . . . 1 Sight....... 8 8 « 87
88
88
88
Mo
88
88
87«
000, being a considerable portion of its withdrawals Canadian B a n k (6 0 days, 8 7 « 8 7 «
87«
87«
87«
88«
88«
88«
88«
88«
88«
o f C om m erce. ( S igh t....
some weeks ago. The Bank of England minimum rate H eidelbach.Ick- (6 0 days, 8 7 « 87
87
87
87
87
88
88
88
88
of discount remains unchanged at 2 per cent. The e lh eim er & C o i S i g h t .... 8 8 « 88
87«
87«
87«
87«
87«
87«
88«
88«
88«
88«
open market rate at London has advanced; this is most Lazard F reres... j g^g^ y ®- 8 8 « 8 8 «
87« ,
87«
87«
87«
(6 d
87«
likely due to the withdrawals of gold for France, which Moerch ants’ B.k.. 1 S0ighays. 8 7 « 8 8 «
88«
88«
88«
88«
f C anada. .
t....
88«
a cable to us from our correspondent states have
The market, as said, closed easy on Friday at 4 87@
amounted this week to £299,000. Sixty to ninety day 4 87^ for sixty-day and 4 88@4 88-J for sight. Rates for
bank bills were reported yesterday at f of 1 per cent. actual business were 4 86@4 86^ for long, 4 87@4 87£
The open market rate at Paris is 1$ per cent, at Berlin for short and 4 87|@4 87£ for cable transfers. Prime
it is !-£ per cent and at Frankfort I f per cent. Accord­ commercial sterling was 4 85f @ 4 86 and documentary
ing to our special cable from London, the Bank of \ 85£@4 85£. Mr. Ford of the Bureau of Statistics
England gained £405,203 bullion during the week and has this week issued the foreign trade statement for
held at the close of the week £35,558,023. Our corre­ October, and we give the results below in our usual
spondent further advises us that the gain was due to im­ form.
ports, wholly from Russia, of £793,000, to shipments
F o r e ig n T r a d e M o v e m e n t o p t h e U n it e d St a t e s .
to the interior of Great Britain of £39,000, and to ex­
In t h e follow in g! ta b le th r e e cip h ers (000) a re In all oases o m itte d .
1894.---------------,----- — -----1893.----- --------ports of £349,000, of which £299,000 were to France H e r c h a n - ----------------- Imports. Excess. .
Exports.
Exports. Imports.
Excess.
*
$
t
$
t
d is e .
and £50,000 to Durban, Africa.
1 9 4 ,1 2 2 2 3 4 ,5 3 8 - 4 0 , 4 1 1
Jan.-M arch. 2 * 1 ,7 6 0 1 6 7 ,2 6 0 4 -54,500
1 9 4 .2 7 5 2 2 2 .6 6 3 - 2 8 . 3 8 8
A p ril-J u n e.. 1 8 2 .6 6 9 1 6 8 ,6 8 3 -tóL 3,988
2 1 4 .8 2 5
1 6 8 .1 2 9 + 4 6 .6 9 6
In the market for foreign exchange the important J u ly -S e p t... 1 7 2 ,1 8 0 1 6 7 ,6 4 7 *4-4,533
8 7 ,6 7 5
5 1 ,7 3 5 + 3 5 ,9 4 0
5 9 ,6 8 1 + 2 3 ,8 7 7
» 3 ,5 5 8
O ctob er.......
event as the week closes is the announcement of a ship­
6 9 0 ,8 9 7 6 7 7 ,0 6 0 + 1 3 ,8 3 7
ment of £200,000 gold to this country from London T o t a l........ 6 6 0 .1 6 7 5 6 3 .2 7 1 + 9 6 ,8 9 6
G o ld .
8,237 + 2 6 .7 0 6
3 4 .9 4 3
+ 4 ,5 7 0
8,509
3.939
.-M
consigned to the Bank of British North America. Janril-Jarch .
3,522 + 3 5 ,2 5 3
3 8 .7 7 5
7,507 + 5 4 ,9 0 4
Ap
u n e..
6 2 ,4 1 1
5 4 ,2 0 3 —5 1 ,6 4 1
2.561
5.477 + 1 4 ,1 2 4
J
Great secrecy is maintained regarding the nature of Ou ly -See p t... 19,6 0 1
1,584
—1,078
—594
511
1,675
1,081
cto b r.......
the transaction, and the only definite fact is that the
6 7 .5 4 5
+ 9 ,2 4 5
7 6 .7 9 0
18.5 9 8 + 7 3 ,0 0 4
9 1 ,6 0 3
T o t a l ........
movement is clearly outside the pale of the ordinary S l i v e r .
+ 4 ,8 3 8
1 0 ,1 3 6
5,308
2,427 + 1 0 ,0 4 1
Jan .-M arch .
12,468
+ 5 ,1 6 1
4.264
9.415
+ 9 ,0 8 9
2,158
exchange operations. The market for exchange most of A p ril-J u n e.. 11,2 4 7
+ 8 .4 3 4
5.434
1 3 ,8 6 8
1 1 ,6 6 0
5,212
+ 6 ,4 3 8
J u ly -S e p t...
+ 2 ,0 4 6
1,418
3,458
1,501
+ 2 ,9 0 7
4,408
the week has been chiefly governed by sentiment. O c t o b e r .....
This was first shown on Saturday when, although the T o t a l........ 3 9 ,7 7 8 1 1 ,2 9 8 + 2 8 ,4 7 5
1 6 ,4 2 4 + 2 0 , 4 M
3 6 ,8 7 7
mails closed early and no business was done, Brown + E x ce s s o f e x p o rts .
— E x ce s s o f im p ortsBros. & Go. reduced the posted rates for sterling to j
We subjoin the totals for merchandise, gold and
4 87 for long and 4 88 for short, the news from Wash­
silver for the ten months for six years.
ington being that a sale of bonds had been determined
Si l v e r .
upon; and by Monday this was confirmed. The tone of
Go l d .
M e r c h a n d is e .
Ten
Excess
Excess
the market at the opening Monday was heavy at the low­ líos.
Im ­ Excess
Im ­
E x­
E x­
of
of E x­
Exports. Imports.
of
ports. ports.
ports. ports.
est figures recently ruling for actual business, and some
Exports
ports •
Exports
holders of bills were disposed to offer them at conces­
$
$
$
$
1
$
$
$
3
18,598
3 9 ,7 7 3 11.29? 2
6
sions, probably fearing that the market would speedily 1 8 9 4 . 6 6 0 ,1 6 7 5 6 3 ,2 7 1 9 6 ,8 9 6 9 1 ,602 6 7 ,545 7 3 ,0 0 4 3 6 ,8 7 7 16,424 2 8 ,4 7 6
9,245
0 ,4 5
1 8 9 3 . 9 0 ,8 9 7 6 7 7 ,0 6 0 1 3 ,8 3 7 76,7 9 0
break down. Bat before noon the tone grew firmer, 1 8 9 2 . 7 5 3 ,1 7 1 7 0 8 ,1 0 5 4 5 ,066 6 2 ,512 13,332 4 9 ,1 8 0 2 7 ,8 6 5 17,181 1 0 ,184
1 8 9 1 . 7 4 0 ,4 7 0 6 9 3 ,9 8 2 4 6 ,4 8 8 78,4 5 0 30,0 8 0 4 8 ,3 7 0 2 0 ,2 4 8 13,914 6,334
though the receipts of cotton bills by the morning mails 1 8 9 0 . 6 7 0 ,0 6 2 6 9 8 ,3 7 7 *28,315 2 2 ,864 12,271 1 0 ,593 2 1 ,6 1 9 18,943 2,676
were comparatively large, and the demand was suffi­ 1 8 8 9 . 6 3 6 ,4 9 1 6 5 1 ,6 2 9 ♦15,138 5 0 ,0 4 5 8,926 4 1 ,1 1 9 3 3 ,048 15,266 17,783
cient to absorb them.
The opinion then expressed by * Excess of imports.
The Baltimore & Ohio return for October has been
dealers was that the market could not be immediately
affected by the bond issue and that meanwhile ad­ issued this week, and shows a loss of $209,194 in gross
vantage would be taken to cover bills previously sold. and a loss of $134,324 in net. The loss is entirely on
The tone was dull and steady on Tuesday, with the the lines west of the Ohio River, and follows no doubt
advance of the previous day well maintained until the from the absence of the passenger travel to the Fair,
afternoon, when the market grew easier on reports that which last year added greatly to the passenger revenues.
prominent foreign bankers were interested in the pro­ The Pittsburg Cincinnati Chicago & St. Louis, one of
posed bond negotiation, and it was assumed that they the lines in the Pennsylvania Railroad system, for the
would soon begin to draw bills.
The demand for re­ same month reports $138,105 decrease in gross and
mittance subsided, and while the offerings of com­ $168,538 decrease in net. Among Southern roads^the
mercial bills were fair, bankers were not disposed to buy Nashville Chattanooga & St. Louis for October reports




THE CHRONICLE.

852

gross of $425,998, against $394,688, and net of $171,923, , against $200,369; the
Georgia Railroad,
gross of $159,384, against $167,995, and net
of $78,293 against $94,346; and the Savannah
Americus & Montgomery gross of $57,030, against
$44,991, and net of $21,794, against $10,480. For
September the new Southern Railway reports gross of
$1,528,247, against $1,413,228, and net of $50.9,239,
against $428,708. Among other roads which have re­
ported for September this week the Union Pacific
shows a decrease of $126,344 in gross and a decrease of
$211,467 in net. This is af ter a very heavy decrease
last year. The Illinois Central of course had large
gains last year because of the Fair. The present year
for September there is a decrease of $585,557 in gross
and a decrease of $411,183 in net. The Southern
Pacific has a small increase in gross but a decrease of
$256,055 in net. The Lake Erie & Western has gross
of $316,730 ¡against $310,853, and net of $157,439,
against $149,736. In the following we give the earn­
ings for four years of a number of roads:
,------------------ September Earnings .•
1892.
1893.
1894.

Name o f road.

$

.G ross 1.318,628
Central P a c i f ic ..........
N et
641,111
C h icago & W e s t M ich iga n ... G ross
156,642
N et
42,956
D e tr o it L a n s. & N orth e rn ... G ross
107,807
N et
28,068
Illin ois C en tral........................ G ross 1,585,260
N et
405,298
78,654
K an . C ity M em . & B irm ....... G ross
N et
1,642
L a k e B rie & W e s t e r n ............G ross
316,730
N et
157,439
O hio R iv e r ................................G ross
80,973
N et
40,230
S ou th ern P a cific .....................G ross 4,253,497
N et
1,686,324

$

1,433,429
732,260
174,586
41,140
106,015
26,801
2,170,817
816,481
84,673
13,509
310,853
149,735
79,605
40,007
4,242,925
1,942,379

$
1,395,081
568,165
204,302
61,587
122,287
39,318
1,762,824
551,608
99,771
7,033
348,219
172,226
84,760
39,787
4,700,651
1,985,828

■October Earnings. Name of road.
B a ltim ore & O h io ... ........... G ross
N et
G eorg ia ....... ..............................G ross
N et
N ash. Chat. & St. L o u is .......G ross
N et

1894.
$
2,103,527
766,132
159,384
78,293
425,998
171,923

1893.
$
2,812,721
900,456
167,995
94,346
394,688
200,369

1892.
$
2,339,607
639,315
160,115
73,793
473,239
189,292

Plt« .< ^ C h l..S S t .I ,....G ^ D S m iO | g g M g g g j g g

1891.
$
1,643,899
763,120
173,692
61,399
122,072
39,244
1,663,766
522,935
100,162
18,304
295,898
133,251
76,088
43,153
4,892,207
2,149,360
1891.
$

2,303,791
615,492
195,711
74,180
491,981
191,921

g~;||300

8av. Amer. & Mont.......„ . . J j g .

Anything bearing on the condition of the anthracite
coal trade has special interest now, as the anthracite
coal properties on the Stock Exchange are very much
depressed. The statement of production for October
has been issued this week, and while it shows a greatly
diminished consumption as compared with the corre­
sponding month last year, yet it is not without some fa­
vorable features. The amount of coal mined in October,
1894, was only 4,136,859 tons against 4,525,663 tons in
October, 1893, and of the decrease of 388,804 tons 212,896 tons fell upon the Wyoming region, 134,884 tons
upon the Schuylkill region and 41,024 tons upon the
Lehigh region. But it is to be remembered that the out­
put in October last year was very large. If we compare
with 1892 we find this year’s production in excess, the
figures being 4,136,859 tons for 1894 against 4,052,897
tons for 1892. Stocks of- coal at tidewater shipping
points were diminished during the month, and Octo­
ber 31 stood at 732,265 tons against 812,549 tons
September 30, 1894. The following shoWs the results
for the present and the two previous years, after allow­
ing for the changes in tidewater stocks:

[Y ol. L1X.

is no information available regarding such stocks,) the
companies are shown to have disposed of 4,217,143
tons in October, 1894, against 4,596,116 tons in October,
1893, but as against 4,010,635 tons in October, 1892.
For the ten months to October 31, 33,770,164 tons
have been disposed of in 1894, against 35,679,946 ton3
in 1893, 34,601,397 tons in 1892 and 32,633,013 tons
in 1891.
The following statement, made up from re­
turns collected by us, shows the week’s receipts
and shipments of currency and gold by the New York
banks.
Week Ending November 18,1894.

Net Interior
Movement.

Received by Shipped by
N. Y. Banks• N .Y . Banks-

Currency.. . . . . . . . . . . . . . .. . . . . . . . . .. . .
Stold . . . . . .......................................

$3,505,000 $2,446,000 Galn.$l,059,000
150,000
450,000 Gain.
600,000

Total gold and legal tenders—

$4,105,000 $2,896^000 Galn.$l,209,000

With the Sub-Treasury operations the result is as
follows.
In to
Banks.

Week Ending November 16,1894.

Out of
Banks.

Net Change in
Bank Holdings.

Banks’ interior movement, as above $4,105,000 $2,896,000 Gain.$l,209,000
S ab-Treasury operations................ 10,900,000 10,500,000 Gain. 400,000
Total gold and legal tenders...... $15,005,000 $13,396,000 Gain.$l,609,000

The following table indicates the amount of bullion
in thd principal European banks.
November 16,1893.

November 15,1894.

Bank o f

Gold.

Total.

£
B n g la n d ......
F ra n ce ............
G e rm a n y * .. ..
A u s t.-H u n g ’y
S p a in .............
N eth erland s
N at.B elgiu m +

Silver.
£

£

49,493,986
12,145,250
14,419,000
9.825.000
6.731.000
1,666,667

35,558,023
127,376,450
48.581.000
29.330.000
17.829.000
10.810.000
5,000,000

35,568,023
77,877,464
36,435,750
14,961,000
8.004.000
4.076.000
3,333,333

Gold.

~ £
~

Silver.

£

25,524,102
68.134.000 50.585.000
29.928.000 9.978.000
10.323.000 16.014.000
7.918.000 6.425.000
3.271.000 6.821.000
2.678.000 1,339,000

Total.
£
25,524,102
118,719,000
39.904.000
26.340.000
14.343.000
10.092.000
4,017,000

T o t.th is w eek 180,245,570 94,288,903,274,534,473 147,779,102 91.160.000 238,933,102
238,135.565
T o t. p rev. w ’k 178,910,701 94,247,5691273,158,270 146,996,732 191,138,833

* The division (between gold and silver) given in our table o f coin
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither case is it
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we
believe the division we make is a close approximation.
Note.—We receive the foregoing results weekly by cable, and while
not all of the date given at the head of the column, they are the re­
turns issued nearest to that date—that is, the latest reported figures.

THE CONDITIONS WHICH H A V E M ADE A
BOND CALL NECESSARY.

The prospective bond issue to replenish the goldreserve
is a proceeding which will meet with general approval.
A suggestion of the negotiation was current among
bankers a week ago, but on inquiry in official circles
we were advised that there was so much uncertainty
with reference to the matter its mention was undesira­
ble. This week the suspense has been removed by the
publication of the notice Wednesday morning that
until November 24th sealed proposals will be received
for not to exceed 50 million dollars of United States
5 per cent bonds, which notice is given in full in a
subsequent column.
The hesitancy that has existed in relation to an issue
of bonds at this time has been of the same origin and
character as the doubt that has prevented a bond issue
January 1 to October 31.
October.
being made months ago. Many have said, why was
Anthracite Coal.
1892.
1893.
1894.
1892.
1893.
1894.
not the gold reserve replenished when Congress finished
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
S tock b eg in n in g ,.
It was needed then as much as
754,432 the tariff legislation?
657,868
728,878
638,301
796,019
812,549
Of p e r io d . . . . . . . .
r o d u e t io n . . . . . . . . 4,136,859 4,525,ee3 4,052,897 33,773,551 35,747,644 34,527,528 now, we are told, the gold holdings on the first of Sep­
T o ta l s u p p ly .. 4,949,408 5,321,682 4,691,198 34,502,429 36,405,512 35,281,960 tember netting less than55i million dollars, and if done
680,563
725,566
732,265
680,563
725,566
732,265
Bfc’k en d o f period
then would just so much sooner have helped the revival
D isposed o f . . . . 4,217,143 4,596,116 4,010,635 33,770,164 85.679,946 34,601,397
There is an error in the assumption un­
On the foregoing basis (which does not allow for the of business.
changes in stocks at interior storage points, since there derlying the above statement. The assumption is that




N ovember 17, 1894.]

THE CHRONICLE.

iihe urgency for a bond issue was just as great in Sep­
tember as it is in November. This error is important,
for no authority existed to invite proposals until there
was a clear necessity, and there could be no necessity
such as the statute contemplated so long as the Gov­
ernment’s general talance was large and the income of
the Government was in excess of the disbursements, or
was expected to be speedily.
On the first of September the Treasurers general balance was $127,148,097.
At that date too the expert estimates made the antici­
pated revenue under the new tariff act more than suffi­
cient to keep up the balance and so provide the means
for procuring gold if an emergency arose requiring a
further supply. Besides that, gold imports were looked
for, and with reason, during current months— a hope
fully justified by the actual and prospective trade bal­
ance— while a larger proportion of gold in the Customs
payments was not an improbable expectation.
It was in October that the Treasury outlook began to
grow much less promising. In our review of the figures
issued the first of November we disclosed this marked
-change in the situation. Indeed the turn of affairs sur­
prised us, for the loss of balance was serious, and due
not so much to small receipts, though they were less
than estimated, but to very large disbursements—
larger than in either 1893 or 1892, though accord­
ing to the official statements the appropriations
for the year are smaller.
The usual resumé of
the appropriation bills always given out at the
•close of the session of Congress was contained
this year in a speech by Representative Joseph H.
O'N eil of Massachusetts on Monday, August 27, 1894,
in the House of Representatives. The summary of the
amounts appropriated under the laws passed in 1894-95,
according to the figures furnished on that occasion,
was $389,593,681, and, with the permanent annual appriations, Mr. O’Neil made the aggregate for the year
at $490,668,369, against $519,504,359 in the previous
year of 1893-94. Since then the clerks of the Senate and
House have revised the figures, so that the total for
1894-95 stands now at $492,230,685. That is to say,
the annual and fixed appropriations aggregated for the
present fiscal year 271 million dollars less than in 189394 and yet the current disbursements have thus far
been larger. Altogether, the outgoes being thus in
excess of, and the income below, the estimate, the
Treasury general balance on November 1 was reduced to
$107,340,146, against $119,919,719 on October 1 and
$127,148,097 on September 1— that is, a reduction of
■ever 12-^ million dollars in the last month and of nearly
"20 millions in the two months.
With such results as these, there was on November 1
very little margin left for accidents or further disap­
pointments in the Government revenue. There was
likewise an additional condition which had to be consid­
ered. Gold exports will begin in the first month of the
newjear, if not sooner, unless the influences controlling
the movement change materially. No circumstance would
be more potent in stimulating an outflow of gold than
the poverty of the Treasury, and no fact would so much
help to minimize it as the assured safety of the Treas­
ury. This knowledge, added to the state of the Govern­
ment general cash balance and the uncertainties as to
future income, with no improvement in income appar­
ent since November began, have led conservative classes
for two weeks or more now to feel that the moment had
«come for strengthening the. reserve, and it is not to be
wondered at that the Administration reached the same
«conclusion.




853

We do not mean that our people a3 a rule
have felt that the convertibility of the currency was in
real danger. The multitude are too conscious of the
financial strength of the country to entertain any welldefined fear on that point since the purchases of silver
bullion have been stopped, knowing that the Government
has the power to reinforce and is pledged to a reinforce­
ment of the Treasury whenever the need arises. And
yet no doubt a Treasury situation like the present
tends to make men cautious and so prevents enterprise.
Of course it affects foreign holders of our securi­
ties ; that is another affair, its hurtfulnes3 being too
obvious to require recalling. We had reference in our
remarks only to the direct influence of these conditions
on the revival of business in the United States. Even
home capital calls for a state of complete assurance as
to the future of values for its free employment in in­
vestments not readily convertible. Such a confidence
is not inspired by and cannot become general with
financial weakness existing and permitted to develop
in a Government which has been charged by statute
with the onerous duty of keeping a silver dollar
worth at its bullion value fifty cents equal to a
gold dollar having a bullion value of one hundred
cents.
It is obvious then that the character of the necessity
contemplated by the statute exists to day, and further
that the speedy correction of the Treasury situation
was and is essential to full industrial activity, now so
happily under way. We shall most likely have income
enough by and by when sugar begins to be imported
again freely to more than meet current disbursements.
When that will take place looks to be a little farther off
to-day than it did on the first of September, for its com­
ing depends upon current consumption, and that on
business revival. It is the present exigency then which
has to be cared for. But some are asking would it not
have been wiser to have waited until Congress meets,
and have gotten a short bond at a low rate of interest
authorized. The facts given above with reference to the
Treasury situation, and the situation of business
affairs present and prospective, are a sufficient
answer to that suggestion.
It was not a con­
dition which might exist in January or Feb­
ruary that the Secretary had to provide against.
It is not an obstacle to a business revival which may
set in next spring that he wished to remove. It is, we
repeat, in response to a present need and a present call
for relief that he is acting. Besides, how many of our
merchants and bankers would be willing or can afford
to have industrial interests put at risk by again bring­
ing before and having this question agitated by the
present Congress. It has had numerous opportunities
to grant the authority, for the importance of a law
covering the subject has been urged both by the
President and Secretary most earnestly, but Con­
gress instead of taking favorable action has per­
verted the occasion of its discussion by using the
opportunity simply to “ boost” the silver fad into
prominence.
Under these circumstances the Administration would
be blameworthy, according to our idea, if it delayed
action.
It would be still more at fault if it should
leave its action dependent upon the passage by Con­
gress of a new statute authorizing a more desirable
bond.
Indeed, is it not the President’s obvious duty,
whenever he believes the condition of the Treasury is
so weakened or is in danger of being so weakened as to
eopardize gold payments, to at once go to the extent of

854

THE CHRONICLE

[VOL. LIX,

the law in strengthening its condition? Has he the ing them out. They consist of $152,858 of interest ora
right even if he had the disposition to shift that re­ St. Louis & San Francisco 4 per cent bonds held^
sponsibility upon Congress?
$52,410 of interest on Wichita & Western bonds,.
$14,840 of interest on Atlantic & Pacific 4 per cent-,
bonds, $168,000 of interest on Atlantic & Pacific 2d
THE R E P O R T ON THE ATCHISON
mortgage bonds and $6,000 of interest on Aztec Land*.
TOPEKA & SANTA FE.
& Cattle Company bonds.
There can be no ques­
Mr. Little's report on the Atchison Topeka & Santa tion that the interest on the Atlantic & Pacific seconds.
Fe, which was held back by the Reorganization Com is properly excluded, and the same is true of some of.
mittee for ten days in order that it might be issued the other items. But the interest on the St. Louis &.
simultaneously in London, Amsterdam and New York, San Francisco 4s would seem to belong in a somewhat
has made its appearance this week. The report is different category. The bonds are now in default, butquite full in its statement of general results but very they were not in default in the year in which the item,
meagre in some essential details. While the revenue appears, and full interest was earned on them in that
statements for preceding years are revised in a notable year, even on Mr. Little's rigid basis of accounting, if
manner, with the effect of altering materially the final we exclude the guarantee on the Atlantic & Pacificresults, no mention is made, or even intimation given, In another part of his report Mr. Little uses the resultsof some of the changes.
arrived at, after deducting the interest on the bonds
We propose in this article to indicate in a general in question, to show the aggregate deficiency of Atchison
way what the changes are. It will be remembered that revenues to meet charges for the four years from 1890
in his special report last August Mr. Little announced to 1894, and in that sense the exclusion of that item ap­
an over-statement of income during the
years from pears to be erroneous.
July 1, 1890, to December 23, 1893, of $7,491,500—
However, on the basis assumed by Mr. Little, the in­
roughly^ 71 million dollars. It will also be remembered come from investments has been reduced in 1892-3, asthat Mr. Little showed that this total was made up of already said, nearly four hundred thousand dollars— in
$3,906,656 of rebates (including $205,879 on the St. exact figures $394,108. For the previous year similar
Louis & San Francisco), $305,844 of uncollectible reductions, aggregating $318,804, are made, and for
traffic balances, $488,000 of improvements improperly 1890 91 Mr. Little takes off $419,000. For the threes
charged to capital account, and an aggregate of $2,791,- years, therefore, $1,131,912 are taken out in thia
000 of credits in an account called “ Auditor's Sus­ manner.
pended Account," which credits, (consisting of $2,010,Still other reductions remain to be mentioned. T h u s
000 added to earnings and of $781,000 deducted from we find that Mr. Little charges up $448,789 in 1892expenses), Mr. Little stated, “ had no foundation in for interest on the Atchison's unfunded debt, whereas im
.
fact." A table was presented at the same time to show the annual report the charge is given as only $93,875..
how the amounts were distributed among the different The latter amount is net, the former gross, and the differ­
years, but beyond this the special report gave no infor­ ence of $354,914 represents offsets which the company
mation on that point, and it was supposed that the full treated as good, and which Mr. Little has rejected..
report would throw further light upon the matter. Mr. What these offsets were we do not know and Mr. Little
Little, however, does not refer at all to it in his present does not tell. For the year preceding (1891-2) thfr
report; he simply adjusts profit and loss account so as company had reported interest on the unfunded debt as.
to correct the irregularities.
$80,072; Mr. Little makes the amount $321,467, a d if­
Mr. Little has of course also taken out of the net ference of $241,395, and for 1890-91 the company had
earnings of each year amounts to represent the over­ reported no debit balance of interest, while Mr. Little
statement of income referred, to.
In addition, gives the item at $46,608. Altogether we have here a.
however, he has taken out a great many other difference for the three years on this account o f
items, still further reducing net income.
Con­ $642,917.
fining ourselves to the Atchison system by itself, ex­
Summarizing these various amounts, we find that in
clusive of the Atlantic & Pacific, the Colorado Mid­ addition to the $7,285,621 of over-statement of earning^
land and the St. Louis & San Francisco, we find that reported by Mr. Little for the Atchison system last Aug­
earnings are charged with $298,666 for “ destroyed or ust (the other $205,879 was on the St. Louis & San Fran­
worn-out equipment" in the fiscal year 1890-91, the cisco), he has made in his present report the following
same amount in the fiscal years 1891-92 and 1892-3, further deductions: $1,201,050 for equipment destroyed
and $305,050 in 1893-4, making $1,201,050 together. or worn out, $1,131,942 for income from investments
This item appears clearly and distinctly in a separate considered bad or doubtful and $642,917 for increase of'
column in the statement, and Mr. Little also refers to interest on the unfunded debt, giving a grand total of
it in the text of his report.
$10,261,500. For the year 1892-3 by itself the deductions
The other changes, however, do not appear on the are $2,194,758 for rebates, &c., $298,666 for equipment
surface. The item of income from investments has worn out, $394,108 for doubtful items of income from in­
been very materially cut down, but there is nothing to vestments, and $354,914 for increase of interest on the
indicate that this has been done except so far as the unfunded debt, a total for that year of $3,242,446— say
last clause in the heading, which reads “ Earnings 3^ million dollars.
It is to be remembered that these
from Investments, &c., excluding what is unavailable,' amounts cover simply the Atchison lines alone. Mr.
may convey an intimation to that effect. Mr. Little Little has also subjected the San Francisco accounts togives the net total of the item for 1892-93 as $233,229. the same treatment, though the reductions there are
According to the company's report for that year the net of course very much smaller in amount; moreover, in.
total was $627,337 Here then is a difference of nearly the case of this road, as also the Atlantic & Pacific and
$400,000 in a single year.
It will be interesting the Colorado Midland, a new item appears, namely
to see what the items are which have been eliminated. “ improvements," regarding which Mr. Little sayst.
After considerable trouble we have succeeded in pick- “ No other funds being available for improvements*




N ovember 17, 1894. J

THE CHRONICLE

these have necessarily been deducted from net earn­
ings.” On the San Francisco the charge for improve­
ments for the four years is $446,206, on the Colorado
Midland it is $451,542 and on the Atlantic & Pacific
#269,235.
From the analysis we have made it will not be diffi­
cu lt to understand why the results which Mr. Little
gives for past years are so very much less favorable
than those for the same years as stated in the comrpany's reports.
But what is the situation of the
various properties, according to this drastic method of
treating the accounts. For the Atchison by itself Mr.
Little reports for the year ending June 30, 1894, net
earnings applicable to interest charges in the sum of
#5,956,614. This is for a year of extraordinary busi
ness depression, and after subjecting the accounts, as we
have seen, to the severest test. An instalment of the
Sonora Railway subsidy of $350,000 counts in the total
of $5,956,614, which will not appear the present year,
since the subsidy has now come to an end. But on
the other hand the $5,956,614 allows fora contribution
o f $341,401 made by the Atchison under the tripartite
agreements between it and the Atlantic & Pacific and
the St. Louis & San Francisco, and for the purpose of
showing the Atchison accounts separate from those of
the auxiliary roads, the one ¡¡item may be considered as
offsetting the other.
Interest on the Atchison general mortgage 4s and
f>rior liens aggregated in 1893-4 $5,879,501, being
a little less than the year's net revenues as given
above. Hence if we could imagine the Atchison re­
lieved of the burden of loss from the operation of the
auxiliary roads, and also freed from floating debt and
the interest charges on the same, the interest on the
general mortgage 4s would be shown to be fully earned
even in such an extraordinary year as the last. If in­
stead of the very low total for 1893-4 we should take
the average of the net for the four years we should find
net revenue available of $6,775,068 (after all the reduc­
tions to which Mr. Little has subjected revenue for
these years) to pay the $5,879,501 of charges on the
general mortgage 4s and prior liens. On that basis
therefore there would be left a balance of nearly $900,<000 to meet deficiencies on the Atlantic & Pacific, &c.
With reference to the St. Louis & San Francisco
Mr. Little reports a deficiency of $599,662 for 1893-4
in the amount required to meet all charges on that
road, but a surplus of $115,424 for 1892-3, a surplus of
#311,511 for 1891-92 and a surplus of $200,704 for
1890-1. The average for the whole four years gives a
slight surplus above the average charges. Thus the
showing for this road is very satisfactory, the more so
since, as has already been pointed out, the net as given is
less outlays for improvements, depreciation of equip­
ment, and after reducing income from investments, &c.
In this case, as in the Atchison case, the loss from the
operation of the Atlantic & Pacific is entirely disre­
garded. Mr. Little reports the deficiency on the latter
road for 1893-4 at $1,360,034, of which one-half
would be chargeable to the Atchison and the other
half to the San Francisco, and he reports the deficiency
on the Colorado Midland at $647,754 for the same
year, which latter deficiency the Atchison alone has to
bear.
Here, then, is where the trouble comes in; fixed
charges on the Atlantic & Pacific and the Colorado
Midland will have to be reduced, and no scheme of re­
organization of the Atchison alone will meet the re­
quirements of the case. _Of_course on reorganization




855

the Atchison could cast off both roads, but there might
be considerable peril in such a course, at least as far as
the lines of the Atlantic & Pacific are concerned, the
loss of which might involve serious consequences. A c­
cording to a statement prepared by General Auditor
Gillett, and appended to Mr. Little's report, the gross
earnings derived by the Atchison, the Colorado Mid­
land and the St. Louis & San Francisco combined from
business interchanged with the Atlantic & Pacific in the
year 1893-4 aggregated $3,866,389. What the net earn­
ings were is not stated, but as the business was chiefly
through business carried at low average rates, the mar­
gin of profit could not have been large. On the other
hand, the earnings of the Atlantic & Pacific from
business interchanged with the Atchison and the
other roads in the Atchison consolidation amounted
to $2,133,282. The aggregate gross earnings of the
Atlantic & Pacific in the same year were $3,137,729,
so that the Atchison business formed two-thirds of the
whole. If therefore the Atlantic & Pacific seems
essential to the Atchison, the latter seems even more
essential to the Atlantic & Pacific. Probably mutual
concessions will furnish the best solution of the diffi­
culty, though security holders of the Atlantic
Pacific
should recognize that a reduction of charges on their
road is imperative. As concerns the Colorado Mid­
land the case is different, as the earnings to the Atchi­
son, the Atlantic & Pacific and the San Francisco
combined from business interchanged with that road in
1893-4 amounted to only $727,211. The Colorado
Midland's earnings, on the other hand, from business
interchanged with the Atchison were $1,026,374, the
Midland's aggregate earnings from all sources in the
year in question having been $1,463,256.
We have not the space to note the changes which Mr.
Little has made in the balance sheets of the different
companies, and the mo3t of them do not call for special
notice. From the comments in some of the papers,
however, it is evident that there is one item *conspicu­
ously given under Cost of Road and Appurtenances,
which is not generally understood. We refer to the
item termed “ Discount on new bonds issued to take up
old bonds under Reorganization Plan” for amount of
$39,561,066. The magnitude of the item gives it an im­
portance which its nature does not warrant, and we are
not sure that some more apt designation could not have
been selected to describe it. Unless we are mistaken
in our interpretation of the item, the explanation is
very simple. When the Atchison was reorganized, all
the old issues of bonds were taken up and replaced by
the new general mortgage issue covering the entire
property. The new bonds bear 4 per cent interest, some
of the old bonds bore 7 per cent interest. In exchang­
ing the one for the other, this difference was made up by
giving the holders, in addition to the new 4 per cents, a
sufficient amount in incomes to equal the reduction in
interest. Of course the result was to increase the prin­
cipal of the road's indebtedness, while leaving the fixed
charges the same as before, though making only part
obligatory. The increase in indebtedness appearing
on one side of the account had to be represented by
something on the other side of the account, and, we
take it, the additional indebtedness was charged to cost
of road and equipment, just as other items of like
character are charged to that account. Thus there is
nothing startling or mysterious about the item ; it re­
veals no new fact, and it has absolutely no bearing
upon the company's finances or its general financial
condition.

856

THE CHRONICLE.
the other half.

THE

[V ol. LIX .

The proper proportion would have

R EPO RT OF THE UNITED STATES been three-quarters to the company and one quarter to
STR IK E COMMISSION.
the men, which shows how nicely the Commission is-

The public have good reason to feel dissatisfied with able to calculate and grade moral obligations. Pains
the report of the Committee appointed by President are taken to dispute the assertion that the company
Cleveland last July to inquire into the causes of the kept its car shops running at a loss in order to keep it&
great strike inaugurated by the American Railway men at w ork; “ to continue running was for its ob­
Union and growing out of the trouble at the Pullman vious and unfair advantage so long as it could divide“ the Commission thinks
car shops. It has been the experience in the past that losses equally with its labor
the work of legislative or other committees, where that the evidence shows that it sought to keep running
questions affecting labor are involved, is generally mainly for its own benefit,” &c.
But what especially meets with the reprobation o f
valueless. Reports of such bodies nearly always con­
tain a cheap bid for the labor vote. Instead of follow­ the Commission is that the managers of the various
ing the dictates of their consciences, and advocating roads should have acted unitedly in resisting the
only what is right, the dominant consideration with the demands of the men. Here the writer is hardly
members too frequently is to find out what will most please able to contain himself. It is questioned “ whether any
the ignorant class among the laborers. But the United legal authority, statutory or otherwise, can be found to
States Strike Commission it wa3 thought would prove justify some of the features” of the General Managers'
to be an exception to the rule. It was felt that there Association. The Association has no more standing in
was at least one man on the Commission who could be law, we are told, than the old Trunk Line Pool. I t
depended upon to make an impartial investigation and was very clever to work in a reference to this defunct
render an impartial report, namely the Chief of the pool. But the Commission goes further than this, and
Labor Bureau, Carroll D. Wright. Only three weeks in effect makes a declaration against pooling, sayingago we took occasion to commend the views of Mr. that the General Managers' Association “ is an illustra­
Wright against compulsory arbitration, so clearly and tion of the persistent and shrewdly-devised plans
strongly expressed. But the expectation has been sadly of corporations to over-reach their limitations and
to usurp indirectly powers and rights not contemplated
disappointed.
An investigation of the character of that undertaken in their charters, and not obtainable from the people or
by the Strike Commission to be worth anything must their legislators. An extension of this Association, as
be impartial.
But the report of this Commission is above suggested, and the proposed legalization of ‘pool­
anything but impartial.
Almost every line of it bears in g / would result in an aggregation of power and capi­
testimony to the fact. It would not be difficult to sug­ tal dangerous to the people and their liberties as well
gest who had written the greater part of it. Instead as to employees and their rights.” Nevertheless, theof being judicial in tone the report reads like a brief Commission argues that “ the Association cannot
prepared by an advocate for one of his clients. The incorporate, because railroad charters do not authorizeCommission does not even confine itself to the line of roads to form corporations or associations, to fix ratesinquiry assigned to it, but goes out of its way to give for services and wages, nor to force their acceptance^
expression to its views on other questions of railroad nor to battle with strikers.” All the same, the Associa*
policy— of course taking the side against the railroads. tion did battle with the strikers at a time when riot
Occasionally one meets with a mild criticism of the and disorder prevailed and the very existence of freeattitude of the laborers, but the careful way in which institutions was threatened, and the United States
this is done, and the studied language, reveal the pur­ Government also battled with them, and to day every
pose, which dominates the whole report, not to hurt law-abiding citizen feels grateful to both the Govern­
the feelings of the men. A few extracts will serve to ment and the roads for the firm stand taken on that
indicate the character of the document and the bias occasion in defense of the country's laws.
Animadverting on the attitude of the railways
which runs through it.
Discussing the responsibility of the Pullman Com­ towards the Railway Union, the Commission says
pany for the trouble, the Commission sees a desire to “ the refusal of the General Managers'Association to
injure the employees in every rule and act of the con­ recognize and deal with such a combination of labor as
cern. Referring to the employment by the company the American Railway Union seems arrogant and
of a physician and surgeon by the year to attend in­ absurd when we consider its standing before the law, its
jured employees, it says that “ the system is admirably assumptions, and its past and obviously contemplated
The report also favors us with
conceived from a business standpoint to secure speedy future action.”
settlement of claims for damages upon terms offered the sapient reflection that “ some of our courts
by the company and to protect the company from liti­ are still poring over the law reports of an­
gation and its results.” Again, we are told that “ the tiquity in order to construe conspiracy out of
conditions created at Pullman enable the management labor unions,” and that “ we also have employers who
at all times to assert with great vigor its assumed right obstruct progress by perverting and misapplying the
to fix. wages and rents absolutely, and to repress that law of supply and demand, and who, while insisting
sort of independence which leads to labor organizations, upon individualism for workmen, demand that they
&c.” No opportunity is lost by the Commission to shall be let alone to combine as they please, and that
make a point against the Pullman Company. It speaks society and all its forces shall protect them in their re­
of the “ unreduced charges paid to the company sulting contentions.” The Commission likewise throws
for the use of berths, seats, &c.,” and of the fact that the out the following suggestion— anent the present situa­
depression in business did not involve any chauge in the tion of the Pacific railroads we suppose (we do not know
mileage rates received under existing contracts. The what else it could refer to)— “ Whenever a nation or a
fact is conceded that the Pullman shops were run at a State finds itself in such relation to a railroad that its
loss, but it was not right that the company should investments therein must be either lost or protected by
assume only half the loss and make the employees bear ownership, would it not be wise that th î road be taken»




N ovember 17, 1894.1

and the experiment be tried as an object lesson in
government ownership.” It i3 a pity that the draft­
ing of the repart could not have been delayed till after
the late elections, for these have furnished an “ object
lesson” whose teaching the Commission would do well
to heed.
Fulsome eulogy is accorded to employees for very
trivial doings. Here is a specimen: “ Such dig­
nified, manly and conservative conduct in the midst of
excitement and threatened starvation is worthy of the
highest type of American citizenship, and with like
prudence in all other directions will result in due time
in the lawful and orderly redress of labor wrongs. To
deny this is to forswear patriotism and to declare this
government and its people a failure.” Now to what
great act of heroism does the reader imagine this fine
language applies ? It refers to the course of the Pull­
man employees during the progress of the strike in May
and June in placing details of their own men about
the company's property ostensibly to guard it from
destruction or interference (of course it is inconceivable
that this was done to prevent new men from taking the
strikers' places), and that as a consequence no extra­
ordinary protection was had at Pullman from the police
or military until July 3.
The Commission, as the result of its study and
investigations, recommends that a permanent United
States Strike Commission of three members be estab­
lished.
By its action and report the Commission
furnishes the strongest possible argument against the
creation of such a tribunal. The Commission would
endow this tribunal with duties and powers of investi­
gation and recommendation between railroads and
their employees similar to those vested in the InterState Commerce Commission as to rates, &c. The new
law would also provide that, as in the Inter-State Com­
merce act, power be given to the United States courts
to compel railroads to obey the decisions of the
Commission, “ after summary hearing, unattended
by technicalities, and that no delays in obey­
ing the decisions of the Commission be allowed
pending appeals.”
Imagine such a body placed
in position to regulate and control the relations
of the roads and their men. We are afraid that in this
case the roads would find the last state worse than the
first. But it is hardly worth while discussing the
recommendations of a Commission which has shown
that it does not possess the slightest qualification for
the task with which it was charged.
The report takes
occasion to point out that the appropriation applicable
to the investigation was $5,000, which sum we are told
proved amply sufficient for all the expenses of the
Commission.
This is about the only gratifying fact
connected with the work of the body, and yet we fear
that taking the report as the measure of the useful ness
of the Commission the public would think its services
dear even if the expenses had been limited to a thous­
andth part of the amount given.

COTTON-MANUFA CTURING A T FALL R IVER
I N 189^.
The period of business depression from which all of
our industries have suffered for over a year past has
had a decided effect in impairing the earning capacity
of the cotton-manufacturing establishments at Fall
Hiver. If the slackened demand had merely rendered
necessary a curtailment of production, the loss of reve­
nue would naturally have been considerable, but when

i



857

THE CHRONICLE.

to this circumstance is added a material reduction in
price it can readily be see a that profits have decreased
greatly and in many cases have disappeared entirely.
Furthermore, just at the time when a better demaad
was anticipated, a lock-out was precipitated which
resulted in the stoppage of work in almost all the mills.
This latter difficulty, however, has now been adjusted
by the employees returning to work at a reduced wage
scale.
At all ticnes the management of many of the corpo­
rations is averse to making public the details of opera­
tions, and this year the same unwillingness is shown,
only to a greater extent. It has therefore been impos­
sible for us to obtain statements for 1894 except in
about half a dozen cases. From such figures as we
have been able to secure, however, it is easy to judge
how largely the earnings have in most cases suffered.
One of the most important corporations, whose net
earnings in 1893 were $134,254, reports for 1894 only
$52,000. Another, earning $209,926 net last year,
earned only $59,099 in 1894. These are perhaps fair
illustrations of the average loss in net revenue the past
year. A number of the mills are said to have suffered
even more severely, having been operated at an actual
loss.
Turning to the subject of dividends, we find that
thirty-five corporations, representing a capital of
$21,478,000, have distributed $245,400 during the last
quarter of the year, or an average return to the share­
holders of 1T4 per cent. In the corresponding quarter
of 1893 the amount paid out was $409,420, or an aver­
age of 1*92 per cent. The details for the fourth quar­
ter are as follows :
"
Dividends 1894, Dividends 1393.
F o u r t h Qu a r t e r
1891 and 1893.

Capital.

A m e rica n L in e n C o............
B a rn aby M a n u f’g C o .........
Barn ard M a n u f’g C o .........
B ord er C ity M a n u f’g C o . .
B o u rn e M ills .......................
Cha.ce M ills :.........................
C on a n icu t M ills...................
Cornell M ills ........................
D a v ol M ills ..........................
F lin t M ills..............................
G lobe Y a rn M ills .... . . .
G ra n ite M ills........................
H a rgraves M ills.................
K e rr T h re a d C o ...................
K in g P h ilip M ills ................
L a u rel L a ke M ills...............
M e ch an ics’ M ills.................
M e rch a n ts’ M a n u f’g C o ...
M e ta co m e t M anuf’g C o ...
N arragansett M ills ............
O sborn M ills ........................
P o ca s s e t M a n u f’g C o.........
R ich a rd B o rd e n M fg . Co..
R o b e so n M ills......................
Sagam ore M a n u f’g Co . . . .
S an ford Spinning C o .........
S e a co n n e t M ills ..................
S h o v e M ills. . : .....................
Slade M ills.............................
Stafford M ills ......................
T ecu m seh M ills...................
T r o y C ot. & W . M fg . C o ...
U nion C o tto n M an ’f ’g Co
W am panoag M ills .........
W e e ta m o e M ills...................

$900,000
400.000
330.000

8,300
15.0 >
0
12.000
7,500

1 0 .0 *
,0 0 0
400.000
500.000
120.000
400.000
400.000
580.000

6,001

6,000
11,800
12,000
15,000
8,000

1 , 200,000
1 ,000,000

800.000
1 , 000.000

1,000,000
400.000
750.000
800.000
288,000
400.000
800.000
800.00 i
800.000
280,000
900.000
400.00 >
400.000
550.000
550.000
800.000
500.000
300.000
750.000
750.000
550,100

T o t a ls ................... ............$21,478,000
* Sem i-annual.

Increase
or

P . C. Amov/nt. P . C. Amount. Decrease

15,000
4,000

1
%

12,010
4.000
18.000

m
1!«
2
5
3
Hi
2

m
m
2
2

m
m
m
ne
Hi

8.000

*4
2
11

18,000

2
1^

$12,000 — 12,000
—6,000
6,000
6.600
—3,300
50,000 —35,000
12.000
7,500
2,400
—2,400
6,000
6,000
11,600
24,010 —12.000
20,000
—5.000
12,000
—4,000
15,000
0,000
—2,000
11.250 —11,250
12.000
4,320
—4,320
6,OOo
—2,000
24,000
—8,000
16,000
—8.000
12,000 —12,000

m

4,000
8,250

18,000
6,000
—6,000
6,'100
—2.000
11,000
—2,750
5.500 —5,500
24,000 —12,000
7,500
15,000
—3,000
22,500
—7,500
11,250

V92

$409,420 —164,020

V
4
2

1
12,000 * 3
7.500
12,000
5
15,000
3
11,250

m

P14

t O n ca p ita l o f $21,278,000.

Ten mills have maintained the same rate of distri­
bution for the fourth ‘quarter of 1894 as for 1893,
despite the unsatisfactory business conditions. This
they are enabled to do by using their surplus to a
greater or less extent. A number of others have
passed their dividends. In some iastances the divi­
dend has been materially reduced ; notably the Border
City Manufacturing Co., which returned to stockhold­
ers in the fourth quarter of last year $50,000, or 5 per
cent on their investment, against only $15,000, or 1\
per cent, in the current year.
Combining the above results with those for the nine
months (published in the Chronicle of August 25,
pige 314,)'we have the following exhibit for the full
year. It will be seen that thirty-five establishments,
with an aggregate capital of $21,478,000, have returned

THE CHRONICLE.

858

V ol. L1X.

to shareholders $1,128,000 in 1894, or an average of ing seven years, but that in many cases the falling off
5 ’25 per cent, against $1,706,310, or 8*02 per cent in has been material.
With reference to the future, the manufacturers of
1893. The exhibit in detail for 1894, compared with
Fall River do not anticipate any marked improvement
1893, is as follows.
in trade before next spring. Prices of all descriptions
Dividends 1894. Dividends 1893. Increase
T ears
Capital.
of goods of course now rule very low, but the same is
1894 and 1893.
P . C. Amount. P . C. Amount. Decrease
true of the raw material. As the mills have .been
$60,000 —28,000
4
$32.000
$800.000
1)4
A m e r ic a n L in e n C o............
6,000
8
32,000 —20,000
400,000
B a rn abv M a n u fa c’g C o ....
1)4
—9,900 stocking up] very freely at current low quotations, a
8
20,400
10.500
330.000
5
B arn ard M a n u fa c’g C o ....
70.000 14
140,000 —70,000
7
1.000.000
B o r d e r C ity M an’f ’g C o . . .
revival of demand should find them exceptionally well
48,000
48,000 12
400,000 12
9
45,000 —15,000
30,000
500,000
6
C h ace M ills............................
—6.000 placed to take advantage of the situation.
8
9.000
3,600
3
120,000
C on a n icu t M ills...................
+6,000
18,000
C o rn e ll M ills........................

G lo b e T arn M ills..................
H a rgra ves M ills................
L a u rel L a ke M ills................
M ech a n ics’ M ills..................
M erch an ts’ M a n u fa c’g Co.
N arragansett M ills..............
O sb orn M ills.................. . . .
P o c a s s e t M a n u fa c t’g C o ..
B ich a rd B ord en M ’f ’g C o.
S agam ore M fg. C o..............
S a n ford Spinning C o .........
S ea con n et M ills...................
S h o v e M ills .......................
Slade M ills ............................
Stafford M ills ........................
T ecu m seh M ills .................
T r o y C ot. & W . M fg. C o ....
U n ion C otton M’ f ’g C o .. ..
W a m p a n oa g M ills..............
W e e ta m o e M ills ..................

0
400,000
6
400,000
580^000
8
1.200:000
5)4
1.000.000 *0
800,000
5«
1,000,000
6
1,000,000
400.000
5)4
750,000
3
800.000
0
288,000
5
400,000
600.000
7
4
800,000
800,000
3*
2«onon
900,000 I 6)4
400.000
3
400,000
5)4
550,000
6+4
550.000
1)4
800.000
7
500.000
6
300.000 17
750.000
9
750,000
6
550,000

T o t a ls .............. ................ $21,478,000
* 1)4 per c e n t o n capital o f $800,000.
t O n c apital o f $800,000.

24.000
1)4
0
24,000
8
40,400
8
60,000
57,000 +10
0
44,000
3
0
60,000
22,000
1)4
22,500
1)4.
9
48,000
20.000
42,000
82,000
28,000
58,500
12,000
22.000
85.750
8,250
50,000
30,000
51,000
67.501
45,000

4)4
1)4
8
7
7

4)4

10
3!^

10)4
9
5
12

1)4

20
12
7
2

24,000
46,400
90,000
80.000
48.000
30,000
00,000
30.000
50.250
72.000
12,960
30.000
48.000
50.000
56,000
11,700
90.000
14,000
42,000
49,500
27,500
93,000
37,500
60,000
90.000
52,500
11,000

—30,000
-23,000
—4,000
—30,000
—8.000
—33,750
—24.000
—12,900
—10.000
6,000
—24.000
—28,000
—11,700
—31,500
—2,000
—20,000
—13,751
—19,250
—40,000
—7.500
—9.000
—22.500
—7.500
—11,000

5*25 $1,128,000 *8-02 $1,700,310 —578,310
$ On c a p ita l o f $21,278,000.

It will be noticed that four mills— Bourne, Davol, Flint
and King Philip—have for the twelve months of 1894
maintained the previous year's rate of distribution,
that one, the Cornell, has paid out a greater amount
this year than last, and that four— the Kerr Thread,
Metacomet, Robeson and Weetamoe—have passed divi­
dends entirely. In all other cases smaller amounts
have been returned to stockholders this year, and in
some instances the reduction has been heavy. To
furnish a more comprehensive comparison we have
compiled the following, which covers the years back to
1886:
,------- Companies.--------,— -Dividends. — .
Years.
Number.
Capital.
Amount.
1894 . . . ....................
35$21,478,000
$1,123,000
1893..................................
35
21,278,000
1,706,310
1 8 9 2 ..
. ......................
34
19,858,000
1,492,260
1891.........................
33 18,558,000
914,850
1890..................................
33
18,658,000
1,420,870
1 8 8 9 ..
. . ....................
33
18,558,000
1,850,700
1888...............................
33
17,608,000
1,696,040
1887..................................
33
17,204,700
1,427,990
1886..................................
33
16,116,200
1,047,550

P. O.
5-25
802
7'52
493
762
9-97
963
830
6*50

THE COTTON CROP OF 189^-95— WHA T THE
AG RICU LTU RAL D E PA R TM E N T
FIGU RES INDICATE.
On a subsequent page of this issue of the Chroutcle
will be found the full text of the Agricultural Depart­
ment's report on cctton for November 1. The salient
features of the report are, that prospects improved
during the month of October; that the favorable
weather greatly facilitated the gathering of the crop, so
that picking has progressed more rapidly than in any
former year; that at some points it is almost completed,
while in a number of localities much of the cotton has
already been marketed, and that the average yield per
acre indicated for the whole cotton belt is 191*7 pounds,
distributed by States as follows: North Carolina 210,
South Carolina 168, Georgia 155, Florida 110, Alabama
160, Mississippi 195, Louisiana 230, Texas 235, Arkan­
sas 203, Tennessee 157, and all other States and Terri­
tories 200.
If there were no official data other than the above to
base calculations upon there would be much room for
diversity of opinion as to the yield these figures indi­
cate. But towards the close of last month (on Octo­
ber 25) the Statistician of the Department made public
a statement of the acreage and yield in each State for
the season of 1893-94 which had been compiled by
him after an investigation covering a period of several
months. That statement made the aggregate area
planted 19,525,000 acres and the yield 7,493,000 bales,
the result by States being as follows:
COTTON ACREAGE AND CROP OP 1893-94.
Acreage.

Bales.

1,180,000
1,885,000
3,050,000
165,000
2,316,000
2,845,400
946,000
4,153,760
1,867,250
805,920
180,000
130,670

400,000
650,000
1,000,000
55,000
810,000
1,050,000
473,000
1,997,000
679,000
276,000
60,000
43,000

T ota l.............................................................19,525,000

7,493,000

North Carolina.........................
South Carolina....................
As showing the relation this year's dividends bear Georgia........ .................................
to those for a series of years, we have prepared the fol­ Florida...... ............................................................
lowing, which embraces nineteen of the leading cor­ A labam a.......... .....
M ississippi.:.................. .........- .................... ...
porations. The intention is to compare this year's Louisiana .................................
ratio with the average rate per cent for the previous Texas.......... ...........................
Arkansas......................... ......................1............
seven years:
Tennessee........ ........
Average
Seven Indian Territory.......... , ................. .................. .
Year.
Years- Missouri—all other States............
1894.1898. 1892. 1891. 1890.’ 1889. 1888. 1837. '87-’931
12
7
22)4 13 H
A m erica n L in en C o......... ......... 4
10H
1)4
1)4
6
5
6
8 )4
8
B a m a b y M an u factu rin g C o .. 1)4
9)4
1)4
9 )4
11
12
10 4-7
14
8
9
12
8
B ord er City M a n u fa ctu r’g Co. 7
6
6
8
8
7
9
6
Chace M ills ...............................
1)4
1)4
8
8
8
8
8 * 8
8
8
G lob e T a rn M ills ....................... 5 )4
24
22
13
21
17
17 4-7
10
10
G ranite M ills............................... 6
0
6
6
6
6
7
7
6 2-7
K in g P h ilip M ills....... ................. 6
6
6
81 -7
10)4 12
L a u rel L a k e M ills..................... 5)4
6)4
6)4
1)4
0
6
—
6 4-7
M ech an ics’ M ills........................ 3
5)4
1)4
6)4
1 )4
6
10
9
8
7
M erch ants’ M a n u fa ctu r’g C o. 6
7
1)4
IK
6
6
5
5
8
8
N arragansett M ills..................... 5
6)4
1)4
6
5
6
6
6
8
7
6>d
O sborn M ills................................. 7
6
6
6
8
6 2-7
B ich a rd B ord en M a n u f’g C o .. 3)4
7
1)4
6)4
11
13
9
7
Sagam ore M an u factu rin g Co. 6)4 10
1)4
1 )4 i o )4
6
12
5
9
12
8
Stafford M ills............................... 7
8)4
1 )4
8
5
8
7 3-7
T ecu m seh M ills ........................ 6
6 )4 10
7^é 7
14
20
20
13
8
24
17
16 4-7
T r o y C otton & W . M fg. C o .. .. 17
20
30
12
12
12
16
21
17 4 7
U n ion C otton M a n u f’g Co....... 9
1
5
17
13
91-7
W am pan oa g M ills ................... 6
7
9)4
11)4

It is seen from the foregoing that so far as these
nineteen corporations are concerned, in only two in­
stances— the Osborn Mills and Troy Cotton. & Woolen
Manufacturing Co.— has the rate of distribution this
year been greater than the average rate for the preced­




Omitting any comment on the foregoing, it is suffi­
cient to say that it furnishes the important element
necessary for making a calculation of the yield of the
1894 crop as now indicated by the Agricultural Depart­
ment figures. Turning to the report for June, 1894,
we find the acreage percentages for the current season
to have been stated as follows: “ The average percentage
is 100*6. The State percentages of acreage, as com­
pared with the acreage of last year, are as follows:
Virginia, 97 ; North Carolina, 96 ; South Carolina, 99 ;
Georgia, 95; Florida, 97; Alabama, 99; Mississippi,
102 ; Louisiana, 98 ; Texas, 107 ; Arkansas, 107 ; Ten­
nessee, 96; Missouri, 89; Oklahama and Indian Ter­
ritory, 120."
Using the above dates for the 1894 planting, and ap1plying the percentages to the Agricultural Depart-

859

THE CHRONICLE.

N 0VEMBER 17,1394. J

mentis acreage for 1893, given previously, the total cent on the face value of their bonds from November 1 to the
date or dates of payment. The total issue of bonds, in pur­
acreage for 1894, according to the Government figures, suance of this notice, will not exceed the sum of $50,000,000.
The Secretiry of the Treasury hereby expressly reserves
would be 19,737,641 acres. If this acreage be accepted
right to reject any
as correct, and the yield per acre as given this week the ll proposals should or all bids. to the Secretary of the
A
be addressed
also be adopted, we aTe brought to the conclusion that Treasury, Washington. D. C ., and should be distinctly marked
“ Proposals for the
of five per cent bonds.” Blank
the crop of 1894-95 will weigh 3,804,218,467 pounds, forms for proposalspurchasehad on application to the Secre­
may be
being the equivalent of 7,958,616 bales, of an average tary of the Treasury.
J. G. C a r l i s l e , Secretary of the Treasury.
net weight of 478 pounds. The method by which this
conclusion is reached is set out below, the figures being
In view of the great interest felt in the matter, we
in all cases those issued officially by the Agricultural have procured, and give below, a co mplete list of the
Department.
subscribers to the bond issue of last February. The
Indicated
Indicated
Indicated
Planted.
Percentcircular inviting proposals to that issue was published
ages
1894-95. yi-ld per acre.
yield.
1893-94.
Lbs.
1894-95.
Acres.
Lbs.
Acres.
by us in the C h r o n i c l e of January 20, page 106.
States.
N. C a rolin a...........
S. C a ro lin a ...........
G eorgia..................
F lo r id a ..................
A la b a m a ..............
M ississip pi...........
L o u is ia n a .............
T e x a s ...................
A rk a n sas..............
T e n n e s s e e ............
Indian T erritory.
Other States . . . .

1.180,000
1,885,000
3,050,000
165,000
2,310,000
2,845,400
946,000
4,153,760
1,867,250
805,920
180,000
130,670
19,525,000

96
99
95
97
99
102
98
107
107
96
120
97

1,132,800
1,866,150
2.897,500
ie0,050
2,292.840
2,902.308
927,080
4,444,623
1,997,957
773,683
216.000
123,750
19,737,641

210
168
155
110
160
195
230
235
203
157
200
200

237,888,000
313,513,200
449,112,500
17,605.500
306,854,400
565,950,060
213,228,400
1,044,462,905
405,585,271
121,468,231
43,200,000
25,350,000
3,804,218,467

As stated above, this aggregate production would on
the basis of 478 pounds net per bale (a low average for
this crop) make the indicated yield on the basis of the
Agricultural Departments figures 7,958,616 bales, or
about 465,000 bales greater than the crop of 1893-94, as
made up by the same authority.
Disclaiming any responsibility for the results herein
disclosed, and disavowing any intention to make an
estimate of our own, we cannot get away from the fact
that there is a startling discrepancy between this indi­
cated yield of barely 8,000,000 bales and the estimates
by private parties running as high as 10,250,000
bales.

N EW ISSUE OF UNITED STATES BONDS AND
SUBSCRIPTIONS TO PR EVIO U S ISSUE.
On Tuesday, November 13, the Secretary of the
Treasury issued the following circular inviting pro­
posals for the purchase of United States 5 per cent
bonds.
c ir c u l a r

INVITING PROPOSALS FOR FIVE PER CENT BONDS.

Treasury D epartment,
)
Office of the Secretary, [
■
W ashington, D. C., November 1 3 ,1 8 9 4 .)
By virtue of the authority cootained in the A ct of Congress
entitled “ A n A ct to provide for the resumption of specie pay­
ments,” approved January 14,1875, the Secretary of the Treas­
ury hereby gives public notice that sealed proposals will be
received at the Treasury. Department, office of the Secretary,
until twelve o’clock, noon, on the twenty-fourth day of No­
vember, 1894, for United States live per cent bonds, in either
registered or coupon form, dated February 1, 1894, redeem­
able in coin at the pleasure of the Government, after ten years
from the date of their issue, and bearing interest, payable
quarterly, in coiD, at the rate of five per centum per annum.
Bidders whose proposals are accepted w ill be required to
pay twenty per cent in gold coin, or gold certificates, upon
the amounts of their bids as soon as they receive notice of the
acceptance of such bid?, and to pay in like coin or certificates
an additional twenty per cent at the expiration of each ten
days thereafter, until the whole is paid ; but they may, at
their option, pay the entire amount of their bids when notified
of acceptance, or at any time when an instalment is payable.
The first payment, however, of not less than twenty per cent
must be made when the bidder receives notice of the accept­
ance of his proposal.
The denominations of the bonds will be $50 and upwards,
and bidders will in their proposals state the denominations
desired, whether registered or coupon, the price which the
bidder proposes to pay, the place where it is desired that the
bonds shall be delivered, and the office, whether that of the
Treasurer of the United States or an Assistant Treasurer of
the United States, where it will be most convenient for the
bidder to deposit the amounts of his payments.
The bonds will be dated February 1, 1894, in order to make
the proposed issue uniform as to date with the existing issue ;
but interest thereon will begin November 1, 1894, and bidders
will be required to pay accrued interest at the rate of five per




BOUGHT AT THE UPSET PRICE, 117-223.

Subscriber and Residence.

A m ount Subscribed fo r .

New York Life Insurance Co., N. Y .............. $3,000,000
American Exchange National Bank, New
York...................................
2,500,000
United States Trust Co., New Y ork................ 2,500,000
Union Trust Co., New Y ork............................- 2,500,000
Farmers’ Loan & Trust Co., N. Y ..................... 2,000,' 00
Hanover National Bank, New Y ork............... 1,500,000
Kuhn, Loeb& Co., New Y o r k ....................... 1,500,000
National Park Bank, New Y ork...................... 1,000,000
National City Bank, New York....................... 1,000,000
Importers’ & Traders’ Nat. Bank, New York .. 1,000,000
J. & W. Seligman & Co., New York................ 1,000,000
Speyer < Co., New York.......... ........................
fe
1,000,000
Chemical National Bank, New Y ork.............. 1,000,000
New York Life Insur. & Trust Co., New York 1,000,000
Lazard Freres, New Y ork................................ 1,000,000
Brown Bros. & Co., New York........................ 1,000,000
Kidder, Peabody & Co., Boston..................
1,000,000
Central National Bank, New York........... ...... 1,000,000
National Bank of Commerce, N. Y..-.............. 1,000,000
1,000,000
R. L. Day & Co., Boston...................................
Fourth National Bank, New York................... 1,000,000
I. & S. Wormser, New York ............................. 1,000,000
L. Von Hoffman & Co., New Y ork.................
700,000
Bank of Manhattan Company, New Y ork_
_
500,000
500,000
Merchants’ National Bank, New Y ork .,........
Bank of America, New Y ork...........................
500,000
Vermilye & Co., New York..............................
500,000
Mechanics’ National Bank, New Y ork..........
500,000
Unger,Smithers & Co., New Y ork..................
500,000
500,000
Morton, Bliss & Co., New York......................
Bank of New York, N. B. A., N. Y ...................
500,000
Knickerbocker Trust Co., N. Y ........ ...............
500,000
New York Security < Trust Co., N. Y.............
fc
500,000
500,000
Fifth Avenue Bank, New York........................
J. D. Probst & Co., New York..........................
500,000
Chase National Bank, New York.....................
500,000
Gallatin National Bank, New York................
400,000
Heidelbach, Ickelheimer & Co., New Y ork..
300,000
Ailing & Secor, New York....................
300,000
250,000
Manhattan Trust Co., New York...................
Continental National Bank, New Y ork..........
250,000
Baring, Magoun & Co., New York..................
250.000
Hailgarten & Co., New Y ork .... ....................
250,000
Metropolitan Trust Co., New York................
250,000
State Trust Co., New York...................
250,000
Independence National Bank, Philadel­
phia, P a .....................................
200,000
Seaboard National Bank, New York..............
200,000
White & Hartshorne, New York.....................
200,000
People’s Bank, New York..................................
200,000
Merchants’ Nat. Bank, Middletown, Ohio.. . .
200,000
J. D. Probst & Co., New York..........................
200,000
Brooklyn Trust Co., N. Y ............
200,000
S. R. McLean, New York..................................
144,000
Bank of the State of New York, N. Y ..............
100,000
Roch. Trust & Safe Dep. Co., Rochester,N.Y.
100,000
Bay State Trust Co., Boston, Mass.................
100,000
Naumberg, Lauer & Co., New York................
100,000
Muller, Schall & Co., New Y ork.......................
100,000
Schafer Bros., New York..................................
100,000
National Citizens’ Bank, New York................
100,000
Henry G. Trevor, New York....................
50,000
Merchants’ National Bank, San Diego, C al...
'50,000
Drovers’ & Mechanics’ National Bank, Bal­
timore. M d ..................................................
50,000
Girard Life Insurance, Annuity & Trust
Co., Philadelphia..............................
50,000
Phcenix National Bank, New York__________ .
50,000
Sixth National Bank, New York.....................
50,000
Hudson River Bank, New Y ork.....................
30,000
A. Grover, New York........................................
25,000
German National Bank, Cincinnati................ .
25,000
Evening Post Publishing Company, New York
25,000
Silas Weaver, East Greenwich, R. I . . ............
20,000
Bolognesi, Hartfleld & Co., N. Y .....................
16,000
B. E. Tilden, Chicago, 111..................
12,000
Stanley & Hume, Wichita, Kan.......................
10,000
Traders’ National Bank, Lowell, Mass..........
10,000
W. E. Hazeltine, Prescott, A. T........................
10,000
German-Amer. Savings Bank, Burlington, la.
10,009
10,000
R. E. Tilden, Chicago........................................
D. H. Freeman, East Saginaw, Mich.............
10,000
Virginia Erwin, Painted Post, N. Y ...............
5,000
H. C. White. North Bennington, V t............. .
5,000
Hawley I. White, N. Bennington, Vt...........
5,000
Fannv Nolan, New Y ork...................................
4,000
W. J. Neil, Buchtel, Ohio........ ........................
2,600
James F. Russell, Washington, D. C...............
1,500
A. H. Ainswoith, Larned, K an....................
1,000
William Wagner, Philadelphia...................
1,000
J. W. Free, New York..................................
1,000
William H. Stuart Richmond, Maine........... ■
1,000
Mrs. Harriet Kelly, Baltimore........................
1,000
Townsend, Desmond & Voorhis, New Y ork..
1,000
C. F. Spurgin, Kinsley, Kan.....................
800
A. J. Bumler, Washington, D. C................
400
John A. Jones* Washington, D. C....................
300
Irvin H. Bright, Tamaqua, P a ........................
200
E. W. Townsend, Salmon Falls, N. H .............
50
Totals.

A m ount

Allotted.

$2,840,050
2,366,700
2,366,700
2,366,700
1,893,400
1,420,050
1,420,050
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
946,700
662,700
473,350
473,350
473,35b
473,350
473,350
473,350
473,350
473,350
473,350
473,350
473,350
473,350
473,350
378,700
284,000
284,000
236,650
236,650
• 236,650
236,650
236,650
236,650
189,350
189,350
189,350
189,350
189,350
189,350
189,350
136,300
94,650
94,650
94,650
94,650
94,650
94,650
94,650
47,350
47,350
47,350
47,350
47,350
47,350
28,400
23,650
23,650
23,650
15,950
23,650
11,300
9,450
9,450
9,450
9,450
9,450
9,450
4,750
4,750
4,750
3,800
2,450
1,400
950
950
.
950
950
950
960
750
400
300
200
50

$42,996,850 $40,704,700

860

THE CHRONICLE,

[V ol. LIX,

TAKEN AT HIGHER FIGURES.

Subscriber and Residence.

A m ount Subscribed for.

Third National Bank, Cincinnati, O., reg.. . . .
$100,000
T, M. Moseley, West Point, Miss., reg.........
'
1,000
Sailer & Stevenson, Philadelphia, Pa., coup .
100,000
Eutaw Savings Bank, Baltimore, Md., coup..
50,000
People’s Trust Co., Brooklyn, N. Y., cou p. . . .
500,000
A. J. Mayer, New York, reg..........................
250,000
L, Yon Hoffmann & Co., New York, coup . . . .
30,000
50,000
Eutaw Savings Bank, Baltimore, co u p ........
American Exchange Nat. Bank, N. Y., coup..
500,000
250,000
Kidder, Peahody & Co., Boston, reg........... .
250,000
Lee, Higginson & Co., Boston, reg...............
Central Nat. Bank, Springfield, Mo., reg . . . . .
25,000
Mrs. Mattie J. Berry, Athens, Ohio, r e g ........
300
2,000
E. J. Hardener, Pineville, La., reg..................
Ambrose Snow, Rockland, Me., reg............
10,000
Daniel W. Casgrove, Marlboro, Mass., r e g ....
1,000
J. E. Tower, New York, coup................... ........
50
First National Bank, Milford, Del., reg..........
15,000
C. J. Cooper, Oxford, N. C., reg.................
100
People’s Trust Co., Farmington,Me., cou p ...
20,000
B. E. Tilden, trustee, Chicago, co u p ..............
10,000
James Conway, Harper’s Ferry, W.Ya., coup
1,500
Morris Mark, Herkimer, N. Y., coup...............
100,000
L. J. Lederer, Baltimore, coup..............
100
Van Schaick & Co., New York, coup...............
5,000
First National Bank, San Francisco, Cal., reg
100,000
Heidelbach, Ickelheimer&Co., New York, cou
100,000
Nat. Shoe & Leather Bank, New York, reg ..
200,000
Bank of British N. America, New York, coup
250,000
Albany County Sav. Bank, Albany, N. Ÿ., cou.
70,000
J. W. Leggett, Moscow, Texas, cou................
6,000
Merchants’ Nat. Bank, Boston, Mass., re«_
_
100,000
Lawrence Nat. Bank, Lawrence, Mass., cou..
20,000
Fallkill Nat. Bank, Poughkeepsie, N. Y., reg.
100,000
Heidelbach, Ickelheimer & Co., account Ohio
Valley National Bank, New York, cou........
100,000
10,000
Caldwell & Bunker, New York, cou................
Charles C. Burke, New York, c o u ........... .
5,000
Merchants’ Nat. Bank, Richmond, Va., reg...
150,000
4,000
Irving S. Lothrop, Daicour, La., reg........ .
International Trust Co., Boston, cou.............
500,000
L. W. Morrison, New York, reg .... ..................
125,000
United States Mortgage Co., New York, reg..
500,000
E. Rollins Morse & Brother, Boston, cou...... .
200,000
Stein Brothers, Baltimore, cou...................
100,000
Bank of British No. America, New York, cou.
250,000
5,000
E. H. Bonner & Co., New York, cou ...............
Kidder, Peabody & Co., Boston, r e g .............
250,000
200,000
E. Rollins Morse & Bro., Boston, cou ............
Ohio Valley Nat. Bank, Cincinnati, cou........
100,000
N. Bank of the Republic, Wash., D. C., for
First Nat. Bank o f Cincinnati, reg...............
100,000
100,000
E. Rollins Morse & Bro., Boston, cou.............
Mayer Berliner, New York, cou.....................
4,500
First Nat. Bank, Brenham, Texas, reg...........
30,000
East Tenn. Nat. Bank, Knoxville, Tenn., reg.
50,000
W. E. Newbert, Kansas City, Mo., cou.......400
People’ s Nat. Bank, Burlington, Kan., reg ...
25,000
J. H. Hecht, Boston, cou...................................
50,000
Manufacturers’ Nat. Bank, Baltimore, reg ...
25,000
50,000
Roche & Coulter, Baltimore, c o u ...................
Merchants’ Loan & Trust Co., Chicago, cou..
250,000
National Bank of Redemption, Boston, cou ..
200,000
New England Trust Co., Boston, cou.............
500,000
500
C. F. Trautman, Shepardsville, K y ................
Kidder, Peabody & Co., B oston.............. .
250,000
10,000
Kummer & Becker, Baltimore, cou................
Bullitt County Bank, Shepardsville, Ky.,reg.
2,500
Elizabeth F. Leffingwell, Summit, N. J., reg..
400
Hambleton& Co., Baltimore, cou...................
50,000
Northwestern Nat. Bank, West Supeiior,
Wis., reg............................................................
100,000
D. W. Cosgrove, Marlboro, Mass., reg.... .......
500
National tank of the Republic, Washington,
D. C., for First National Bank, Cincinnati,
Ohio, r e g ..........................................................
100,000
Frank Rosenberg & Co., Baltimore, Md., cou.
50,000
First National Bank, Brewsters, N. Y., cou..
20,000
C. Schreitmiller, New York, c o u ...................
100
Louis Schraidt, New York, cou.......................
100
James Levy & Bro., Cincinnati, Ohio, reg.....
10,000
Farmers’ Nat. Bank, Hudson, N. Y., reg,.......
6,000
Charles Braden. West Point, N. Y., reg..........
500
H. O. Hall, Washington, D. C., cou................
150
Roche & Coulter, Baltimore, cou....................
50,000
J. W. Crosby, New York, cou.....................
500
J. W. Crosby, New York, cou............................
500
Joseph J. Sweeney, Baltimore, cou................
2,000
Planters’ National Bank, Richmond, Va., reg
200,000
George M. Wright, New York, reg..................
600
Franklin Bank, St. Louis, Mo., cou................
200,000
Geo. M. Wright (for Mrs. S. H. Dewey), N. Y.
reg.........................
600
J. Wind, Huntsville, Ala., cou........................
50
David King, Jr., committee, &c., Washington,
D. C., reg........................ ......................... ...
20,000
David King, Jr., guardian, &c., Washington,
D. C., reg ....
40,000
J. Tauber, Eau Claire, Wis., cou........... .........
500
Wm. B. Matthews, Washington, D. C., re g ...
300
E. J. Dougherty, Indianapolis, Ind., cou.......
500
James Keith, Little Rock, Ark., cou...............
5,000
L. Wormser & Bro., Jeanerette, La., cou.......
4,000
Merchants’ National Bank, Boston, Mass, reg
200,000
Silas E. Hurin, attorney for Ella P. Coruchin,
guardian, Findlay, Ohio, cou...................
1,000
Nat. Bank of Commerce, St. Louis, Mo., cou.
70,000
Nat. Bank of Commerce, New Y ork ,reg ....
25,000
J. Mayer, New York, reg..................................
25,000
E. M. Cronin, New York, reg......................
27,000
Bradford National Bank, Bradford, Pa., reg.
25,000
William T. Owsley, Washington, D. C., r e g ...
450
C. F. Southmayd, New York, cou.....................
10,000
Frank Rosenberg & Co., Baltimore, cou_ ...
_
50,000
A. C. Downer, Philadelphia, cou.....................
2,000
First National Bank, Mexico, Mo., cou..........
10,000
G. J. Van Schott, Passaic, N. J., r e g .............
600
Emory Freed & Co., Philadelphia, cou........ .
20,000
A. W. Evans, Elkton, Md., reg.........................
500
Alexander Seibold, Baltimore, re g .................
3,000
M pss Catharine Gibbon, Philadelphia, cou ....
1,500
R. H. Cook, Whitehall, N. Y., reg................ .....
10,000
First National Bank, Minersville, Pa., re g ...
40,000
Hambleton & Co., Baltimore, cou...................
50,000
Charles A. Weismann, New York, cou .. . . ___
300
George D. Hawks, Weldon, N. C., c o u ...____
300
Merchants’ National Bank, Boston, reg........
100,000
Bradford National Bank, Bradford, Pa., reg.
25,000




A m ount
Bid.

117*224
117*225
117*225
117*225
117*225
117*225
117*225
117*225
117*225
117*227
117*228
117*230
117*230
117*230
117*230
117*237
117*240
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*250
117*251
117-2* 0
117*260
117*260
117*270
117*300
117*300
117*310
117*330
117*350
117*312
117*380
117*446
117*500
117*500
117*500
117*500
117*500
117*500
117*510
117*520
117*520
117*550
117*575
117*697
117*750
117*800
117*815
117*815
117*825
117*850
117*875
117*875
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
138*000
118*000
118*000
118,000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*000
118*100
118*125
118*250
118*250
118*350
118*350
118*400
118*410
118*411
118*411
118*411
118*411
118*420
118*500
118*500
118*500

Subscriber and Residence—

A m ount subscribed for.

A m ount
Bid.

Adolph Rothbarth, New York, cou......... .
$500
118*875
Henry McEnroe, Washington, reg...............
300
119*000
George E. Morgan, Fulton, 111., c o u . ....:.....
600
119*000
Col’mbia Nat. B’k, Minneapolis, Minn., reg..
500
119*000
Mary Connor, Philadelphia, reg......................
8,000
119*010
Farmers’ Nat. Bank, Greenville, Ohio, reg ....
10,000
119*550
Rose Magee, Philadelphia, reg.........................
8,000
119*013
50,000
119*013
Bay State Trust Company, Boston, cou........
James Spear, Philadelphia, reg.............
20,000
120*000
R. Reifegerste, Bellpoit, L. I., reg..................
800
120*000
J. C. O’ Connor, Joliet, 111., cou.........................
50
120*000
Miss E. C. Todd, Asbury Park, N. J., cou.......
50
120*000
V. F. Schmitt, Washington, D. C., cou ...........
300
120*000
50
120*000
William D. Mierste, Baltimore, c o u ..............
Jay Brooks, Chicago, reg..................................
5,000
120*000
M. J. Hess,New York, coup........ ............. . . . .
50
120 000
Susanna K. May, New Albany, Ind., coup. . . .
500
120*000
Matthew L. Brett, Washington, Ind., coup...
500
120 000
Laura J. Crawford, Washington, D. C., coup.
250
120*000
Silas E. Hurin, att’y, etc.*, Findlay, O., coup
400
120*000
William Connor, Philadelphia, reg..................
8,000
120*219
1,000
120 000
W. Graves < Co., Frankfort, N. Y., reg..........
fe
Michael Treston, Philadelphia, r e g ................
8,000
120 829
Wichita Nat. Bank, Wichita, Kan., reg . . . . . . . .
50
200*000
This list shows that $9,295,300 bonds were disposed of at prices
above 117*223.
7

[From our own correspondent.]
L o n d o n , Nov. 3 , 1894.
Gold amounting to three-quarters of a million sterling was
withdrawn from the Bank of England during the week ended
Wednesday night, and since then considerable further sums
have been withdrawn. The demand has been chiefly for
Paris and Berlin, occasionally also for South America. It is
believed that the Berlin demand is mainly for Russia and
Austria. The great military governments have begun again
to increase their war chests. The Bank of France, for in­
stance, holds about 76 millions sterling in gold, and yet it is
anxious to add to the am ount; and the Russian Government
holds over 100 millions sterling, but more is going to St.
Petersburg. A ll the governments are desirous of maintaining
peace, but all are apprehensive because of the conflict between
China and Japan and the death of the Czar. During the first
few days of the week rates rose here, % and sometimes more
being the more general discount rate in the open market for
three months’ bank bills. But during the last couple of days
there has been another decline. It is hoped that the with­
drawals for France are ended for the time.
It is understood that the negotiations between the Hong
Kong & Shanghai Bank and the Chinese Government for a
silver loan of 10,900,000 taels, or £1,635,000, have been satis­
factorily concluded. The rate of interest is to be 7 per cent
and the loan is to be secured upon the Customs. The loan has
been fully underwritten, it is stated, 2 % per cent commission
being paid to the underwriters. A public issue will be made
almcst immediately. The security is quite ample, always
supposing that Japan does not attack the treaty ports, and
that the Chinese Government in its necessities does not divert
the Customs revenues. Very little of the proceeds of the
loan, it is believed, will be taken in silver, almost the whole
amount being required to pay for Chinese purchases in Eu­
rope of stores and munitions of war. The silver market,
therefore, remains quiet, the price being',29 3-16d. per ounce.
The India Council continues to sell its drafts successfully. As
usual, it offered for tender on Wednesday 40 lakhs, and sold
the whole amount at nearly Is. l% d . per rupee. Trade in
India is very quiet and the demand for money exceedingly
small.
A ll through the week the death of the Czar has been hourly
expected. Oa Wednesday the Prince and Princess of Wales
started for Livadia and on Thursday the death took place.
Every one is very anxiously watching the course of events in
Paris. The Russian Government has immense sums lying
idle there, and it is understood that everything will be done
by it and by the great bankers of Paris to support the market.
But if French investors take alarm and sell on a great scale,
it is feared that there may be a serious fall. Of course it has
been known in Paris as well as elsewhere for some time that
the illness would in all probability prove fatal, and it may be,
therefore, that the public has been prepared for what has hap­
pened. Certainly the bankers and the Bourse have been pre­
pared. The general state of uneasiness has been increased by
the resignation of Count Yon Caprivi. He had won golden
opinions all over Europe, and it was believed that he bad the
full confidence of Emperor W illiam . In the course of last
week, however, the struggle between him and Count Eulen-

N ovember 17, 1894.]

THE CHRONICLE.

burg, President of the Prussian Ministry, became so intense
that the resignation of both was accepted.
The Spanish Ministry has likewise resigned. It will be
recollected that the Spanish Government has been negotiating
off and on in Paris for more than a year for a considerable
loan, and that the bankers have made it a condition of any ad­
vance that certain important concessions should be granted to
the railway companies, in which the French are very largely
interested. It was believed, however, that the negotiations
were going on more smoothly of late, and it was quite under­
stood that a bill authorizing a large loan abroad would be
presented to the Cortes immediately. Senor Sagasta, how­
ever, has been unable to maintain his position; but it is hoped
that the Ministry will be reorganized soon.
Still, what most depresses markets is the war between China
and Japan. Every one now assumes that the Chinese will be
utterly beaten. The fear is that the Japanese may make such
demands as will render inevitable the intervention of Russia.
I f Russia once interferes, it is apprehended that the other
Powers m ay strike in, and consequently there is an unwilling­
ness everywhere to engage in new risks. In short, every per­
son with any prudence is avoiding all engagements running
over a considerable period. On the Stock Exchange specula­
tion has almost ceased except in the South African market.
There prices are still rising, the reports from the mines being
better every week. British railway stocks are generally
lower but British Government and Colonial Government
stocks are well maintained.
There is an utter absence of enterprise in the American de­
partment, and there is even very little ¡investment in good
bonds, Owing to the extremely low rates that have ruled
here all through the year, it is now anticipated that the bank
dividends for the current half-year will be exceedingly bad,
and bank shares in consequence have given way somewhat.
The earnings of British railway companies are well main­
tained ; but it is known that the fixed charges will bs higher
than at this time last year and that the expenditure will also be
greater. Therefore it is feared that the dividends for the cur­
rent half-year will be disappointing. They will of course
be much better than for the corresponding half of last year,
which was disorganized by the great coal strike ; but the gen­
eral calculation is that they will be worse than for the second
half of 1892.
Trade is checked. Hardly any demand for cotton piece
goods exists either for China or for India. The American
purchases of our goods are somewhat better; but they are
still very small, and prices are tending downwards rather
than upwards. Still, there is*somewhat more activity in the
iron trade than there was, and the woolen trade in Yorkshire
is fairly satisfactory.
The woolen trade in France, on the
other hand, is exceedingly bad. The revival of political appre­
hension has in fact checked enterprise in trade as well as
upon the Stock Exchange, and until there has been time to
understand the character and policy of the new Czar there is
not much expectation here of increased activity. The gen­
eral impression is that the new Czar is more liberal than his
father and far more inclined to improve the relations both
with this country and with Germany. But there are doubts
whether he has force of character enough to control the a rm y ,
and there is much speculation as to the influences under
which he will ultimately fall.
The rates for money have been as follow s:
in terest allowed

Open Market Rates.

:'o r deposits b y

Rank Bills.

London.

Trade Bills.

Sept. 28
Oct.
5

“ 1
2

19
“
26
N ov. 2

fJ scT
M
Joint I___

Roust
Six
Three R ow
Six
Stock I At
M * a Months Months Months Months Months BanksJOaU. 7 to 1
on
Bays.
~ ® — *6© H 1 @ — i % @ - 1)4® - 1%@2
H~
3 3
4 4
)4
Three

9-16@—
9-160—
9-16@—
9-16@—

96@ - 16-16@1 1)4® - 1)6@
- 16-16® 1 l)4 @ - m ®
— 15-16@1 1)4® - 1)4®
— 15-16®1 1)4® - 1)4®
— 1 © 1 « l% @ l% J l)6 @

H®
H®
%®
H®

-

134@3

- 194@3
- 194@2
- 1% @2
— 1%@2

3
4
3
4
3
4
3
4
3
4

3
4
3
4
3
4
3
4
3
4

3
4
3
4
3
4
3
4
3
4

The quotations for bullion are reported as follows
GOLD.
London Standard.
Bar g o ld , fin e ___oz.
Bar g old , par tin g , oz
Span, d ou b loon s , oz.
U. s. g o ld c o in . ...oz.
G erm an g o ld coin .oz

Nov . 2.

Oct. 36.

ßj d.
77 10

8. d.
77 10

77
73
76
76

77
73
76
76

1034
9
Bri.
4)4




SILVER.
London Standard.

Nov. 2.

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, «fee.,
compared with the last three years :
1894.

1893.

Oct. 31.

1892.

Nov. 1.

1891.

Nov. 2.

Nov. 4,

Circulation...

. 35,783.310
20,298,680
26,371,315
25,719,435
. 5,549,683
4,336,253
5,233,635
4,326,849
, 37,789,151
31,392,583
28,9i0,209
29,783,022
Government securities
, 15,272,376
12,087,598
14,356,140
12,232,043
18,646,314
25,395,123
23,162,793
27,124,856
27,194,168
16,128.090
14,507,938
12,599,556
36,177,478
25,976,770 24,429,253
21,868,991
Prop, reserve to liabilities ...p. c. 62 9-16
44 15-16
42 %
36M
Bank rate .................. per cent.
3
3
3
4
, 10111-16
97 11-16
93%
94 15-16
29 3-16d.*
32d.
38 15-10d.
43)4d.
129.506,000 132,477,000 143,777,000 153,213,000

♦November 1.
The Bank rate of discount and open market rates at the
shief Continental cities now and for the previous three weeks
have been as follows :
N ov.

Rates of
Interest at
- _

—

2.

Oct.

Bank Open
R a te. Harke

P a ris...................
B erlin .................
H a m b u rg..........
F ra n k fo rt..........
A m s te r d a m . . . .
Brussels .........
V ienna..............
St. P e te rs b u rg .
M a d r i d .............
C o p e n h a g e n ...

24
3
3
3
3

2)4
3
4

6
5
3

26.

Oct.

B ank
Open Bank
B a te. Market R a te.

21-16
16
3
1)4
16
5
26
3

3
3
3

IH
3%

3
4

5)4

6

6
3

3

2
36

26
3

2
16
5
16
5
m

19
Open
Markei

23
6

2

m

3
4

m

6
6
3

26
3

4
5
5
3

15
6
15
6
16
5
1%
156

3
4

m

23
6

12,

Bank
Open
R a te. Market

2 6 115-16
3
16
5
16
5

3
3
3

2

4
5
5
3

5

Oct.

1H
SU

3
3
3

6
3

5
3

The follow ing shows the imports of cereal produce into the
season
compared with previous seasons :
IMPORTS.

,
1894
1893.
1892.
1891.
Imports of wheat.cwt. 13,227,759 12,778,293 12.074.493 13,261,292
Barley...................
6,773,571
5,418,945
4,340,702
4.8 73,853
Oats..... ...................... 2,580,051
2,450,806
2,597,445
2,549,274
£ e a s ...........................
401,667
428,107
324,210
370,412
Beans........................
854,174
903,341
1,036,6)9
717,996
Indian Corn............... 4,514,030
5,007,872
6.105 196
3,332,368
F lo u r......................... 3,721,541 4,3)2,337
3,715,929
2,727,642
Supplies available for consumption (exclusive of stocks on
September 1):
1894.
1893.
1892.
1891.
Wheat..................ewt. 13,227,759 12,778,293 12,074,493 13,261,292
Imports of flour........ 3,721,541
4,392,387
3,715,929
2,727,642
Saies of home-grown. 3,808,894
4,642,732
4,753,895
5.895,175
Total..................... 20,758,194 21,813,
20,514,322 21,794,109
L
1894.
1893.
1892.
1891.
Aver, price wheat week. 17s. 71.
27s. 61.
284. 8d.
354. l i d .
Average price, season..19s. 4d.
26s. lOd.
28s. 6d.
36s. 7d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
Last week.
1893.
1892
Wheat.................qrs. 1,750,000 1,729,000
2,523,000
2,075,000
Flour, equal to qrs.
327,000
310,000
242.000
430.000
Maize................. qrs.
141,000
381,000
381.000
377.000

E n g lis h F in a n c ia l m a rk ets—P er C able.
The daily closing quotations for securities, «fee., at London
are reported by cable as follows for the week ending Nov. 16:
Bpndon.

Sat.

Silver, per o z ................. 29316
Consols, new, 2% p. cts. 102%
For account................ 102%
Fr’ chrentes (lnParis)fr. 02-52%
U. 8. 4s of 1907........
Atch. Top. & S. Fe. com.
Canadian Pacific............ 64
Ohio. Milw. & St. Paul.. 65%
Illinois Central.............. 94ig
Lake Shore................... 138
Louisville & Nashville— 57%
Mexican Central 4 s....... 60%
N. Y. Central & Hudson 102%
N, Y. Lake Erie & West. 14%
2d consols.................... 74%
Norfolk & West’n, pref. 23%
Northern Pacific, pref— 18%
Pennsylvania................ 53%
Phil. & Read., per share 9%
Union Pacific................. 13%
Wabash, pref.................. 15%

Mon.

Tues. [ Wed.

Thurs.

Fri.

29%
29%
29%
28%
2815i«
1027x6 102% 102% 102% 102%
j-h27ig 102% 102% 102% 102%
102-55 102-55 02-47% 102-55 102-70
5%
6%
5%
5%
5%
63%
64%
64
63
63% .
64%
65%
64%
64%
64%
94%
95
94%
94
94
140% 140
140
140% 140
57%
57%
56%
56%
56%
60%
60%
60%
59%
59%
103
102% 102% 102%
14%
15%
14%
14%
14%
76
78%
78
77%
75%
23%
23%
23%
23%
22%
19%
19%
18%
18%
18%
53%
53% x52%
52%
52%
9%
9%
9%
9
8%
13%
13%
13%
13%
13%
15%
15%
15%
15%
15

ömumerctal and fpttscellauenus Stews
Oct. 26.

d.

B ar s ilv e r, fin e . ..o s . 29 3-16
10)< Bar s ilv e r, c o n ta in ­
in g 5 grs. g o ld ..o s .
9
29 9-16
4)4 Cake s ilv e r ...........o z. 31)6
4)é M e x ica n d olla rs..oz. 29%

861

N a t io n a l B a n k s .— The following information regarding
national banks is from the Treasury D epartm ent:
LIQUIDATION.

31 9-16

1,878. The Meridian National Bank of Indianapolis, Indiana, ha
gone into voluntary liquidation hy resolution of its stoo kholders dated October 3o, 1894.
The First National Bank of Nashua, Iowa, has gone into
dated^N^vemTJrl^llgi.7 re80lutl<m of lt8 stockholders

THE CHRONICLE,

862

IV o l .
IMPORTS INTO NEW YORK.

INSOLVENT.

a 5 2 6 _The Buffalo County National Bank of Kearney, Nebraska, is
’
’
insolvent, and was on November 10 placed in tbe bands
o f Henry E. Lewis, reoeiver.
I m po bt s a n d EXPORTS FOB t h e W e e k .— The following are
the imports at New York for the week ending for dry goods
Nov. 8 and for the week ending for general merchandis e
Nov. 9; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT N EW Y O RK .

Dry Goods.......
®en 1 mer’dise.

$2,078.223
11,884,584

$1,723,824
6,915,912

1894.

1893.

1892.

1891.

For Week.

$1,562,458
5,945,787

$1,142,112
4,942,823

$6,084,935 $7,508,245
$8,639,736 $13,962,807
Since Jan. 1.
$110,212,217 $76,334,681
Dry G o od s...j. $102,110,681 $111,108,829
Gen’1 mer’dise. 351,807,433 389,402,811 372,074,831 299,199,243
Total 45 weeks. $453,918,114 $500,511,640 $482,287,048 $375,533,924
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 13 and from January 1 to date:
EXPORTS FROM NEW Y O R K FO R THE W E E K .

1892.

1891.

1894.

1893.

$6,044,519
$7,686,849
$7,966,818
$9,594,240
For the week..
Frev. reported. 316,673,295 330,063,851 319,316,494 307,706,343
Total 45 weeks. $326,267,535 $338,030,669 $327,033,343 $313,750,862
The following table shows the exports and imports of specie
at the port of New York for the week ending Nov. 10 and since
January 1,1894, and for the corresponding periods in 1893

Month.

J a n u a r y ...
F eb ru ary..
M arch ........
A p r il..........
J u n e ......... .,
J u ly ............
A u g u s t......
Septem ber.
O ctob er...
T o t a l.,.

Great Britain........ .
France..................... i,
Germany................
West Indies............
M exico................... .
South America.......j
All other countries
Total 1 8 9 4......
Total 1893.......
Total 1892.......

Since Jan. 1.

$15,438,800
77,000 23,840,999
32,607,000
38,186 12,131,946
48,205
536,867
856,635

$1,688,902
6,232,886
1,683,367
14,610 4,431,849
69,042
1,008,500
18,445
144,634
230

$33,285 $15,259,180
$115,186 $85,460,452
91,207 70,272,563 2,596,143 60,297,617
24,760 7,737,125
49,950 59,211,453
Exports.

Silver.

SinceJan. 1.

Week.

Since Jan. 1.

(great Britain..........
France.....................
Germany..................
West Indies.............
M exico.....................
South America........
All other countries.

$454,100 $27,946,248
395,000
1,000
268,100
201,520
53,297
742,073
127,202
100

Total 1 8 9 4 ......
Total 1893........
Total 1892.........

$455,200 $29,733,440
475,581 27,138,096
404,990 18,503,160

Imports.
Week.
$ ...r.v ..
5,416
18,791
321
105

8inceJan.X.
$13,309
100,778
6,504
638,633
287,228
463,021
34,327

$24,633 $1,543,800
3,101,113
17,618
2,837,531
146,198

American gold coin and $3,301 American silver coin. Of the
exports during the same time, $38,186 were American gold coin
__ The reorganization committee of the Vail ey Railway Co
announces that a maj ®rity of the first mortg age bonds and a
very large amount of the consolidated mor tgage bonds have
already been deposited with the committe e under said plan
and agreement, and that the time for deposit of bonds with­
out penalty has been extended until November 30, after which
date a charge of 1 per cent will be mad e on all bonds received
— The first mortgage 5 per cent gold bonds of the Bridge­
port Traction Company of Bridgeport, Conn., advertised by
Messrs. Redmond, Kerr <fc Co. in another column, are secured
by an absolute first mortgage on the entire system, together
with all real estate, equipment, «fee., now owned or hereafter
acquired. Messrs. Redmond, Kerr < Co. recommend these
&
bonds as a safe and desirable investment.
__Mr. H . C. Hardy has severed his connection as cashier
and director with the Petersburg Savings & Insurance Com­
pany, Petersburg, V a ., and formed a copartnership with Mr
Gaston Hardy, under the firm name or H . C. Hardy < Co.
fc
with offices at 50 Broadway, as brokers in stocks, bonds and
commercial paper.

F oreign T rad e of N e w ^Yo r k — M o n th ly Statement .— In
addition to the preceding tables, made up from weekly
returns, we give the following figures for the fu ll months
also issued by our New York Custom House. The first state
ment covers the.total imports of merchandise,




Dry
Goods.

lotal.

$
18,370,078
14,002,275
12,897,876
10,211,031
10,997,095
7,215,201
13,381,391
9,036,188
7,193,338
5,795,631

$
35,970,895
32,177,072
13,079,715
37,281,299
35,270,672
31,U8,939
12,279,325
31,283,661
32,255,912
38,518,622

General
Merchan­
dise.
$
33,-177,813
31,850,453
11,157,928
37,724,873
35,263,882
35,254,287
27,303,539
27,419,045
18,871,401
27,360,894

Total.
$
61,817,921
15,852,728
57,355,804
17,938,907
46,260,977
12,199,188
10,621,930
36,455,233
26,067,710
33,156,525

77,773,323 281,195.892 362,268,115 109,070,105 318,987,148 128,057,253
CUSTOMS RECEIPTS.

EXPORTS FROM NEW YO RK .

A t New York.

Total Mercha/nd/ise.
Month.

Month.

1891.

1893.

1891.

$
30,037,691
J a n u a r y .............
27,391,451
F e b ru a ry ...........
M a rch .................. 31,301,980
A p ril....................- 27,990,338
M a y ....................... 28,086,911
J u n e ..................... 30,032,539
J u ly ....................... 26,338,124
29,323,117
A u g u s t ........ .
Septem ber.......... 26,397,171
27,488,689
O c t o b e r ..............

$
21.801,864
22,769,850
27,902,591
25,765,137
30,767,496
31,773,627
32,651,110
36,045,133
32,998,412
31,126,356

1893.

$
8,315,655 15,291,902
7,124,174, 12,439,466
7,448,49« 12,805,884
6,733,598 9,717,453
6,238,318
9,969,280
9,337,791
5,181,443
6,175,57^ 10,220,988
8,188,589
8,723,355
9,692,669
7,964,784
7,537,621
8,229,310

January
F e b ru a r y ...
M arch..........
A p r i l .........
M ay........ ..
J u n e .............
J u l y . . . . . ...
A u gu st.......
Septem ber.,
O c t o b e r .. . .

T o t a l ............. î8 4 ,3 9 1 ,9 ll 275.602.415

T o t a l.

74,162,582 103,473,75

New York City B ank Statement for the week ending
November 10, 1894. W e om it tw o ciph ers (00) in all cases.
Capitali Surpl’s Loans. Specie. Legats. Deposits
$

Imports.
Week.

$
26,993,965
23,821,975
35,517,997
29,339,616
30,357,120
27,117,512
31,387,969
26,861,736
23,172,953
26,191,662

$
8,976,930
8,355,097
7,561,718
8,011,653
5,013,352
3^701,397
7,891,356
7,130,901
8,783,959
13,033,960

EXPORTS AND IMPORTS OF SPECIE AT NEW Y O R K .

Exports.

General
Merchan­
dise.

Dry
Goods.

(0 0 s o m itte d .)

Week.

1893.

1891.

BANKS.

and 1892:

Gold.

LIX

B a n k o f N e w Y o r k ..
M a n h a tta n C o...........
M e rch a n ts ’ .................
M e ch a n ics ’ ..................
A m e r ic a ................... .
P h e n ix .........................
C it y ..........................
T ra d e sm e n ’ s ..............
C h e m ic a l............. . . .
M e rch a n ts ’ E x c h ’ g e
G a lla tin N a t io n a l.. .
B u tc h e r s ’ & D r o v e r s ’
M e c h a n ic s ’ <ft T r a d ’ s
G r e e n w ic h ............
L e a th e r M a n n fa c ’r s
S even th N a t io n a l...
S ta te o f N e w Y o r k . .
A m e r ic a n E x ch a n g e
C o m m e rce ...................
B r o a d w a y ........ .....
M e r c a n t ile ............
P a c i f ic ..-------- -. . . . . .
R e p u b lic ....................
C h atham .....................
P e o p le ’ s ........ ............
N o r t h A m e r ic a ........
H a n o v e r ....................
I r v in g ........... ..............
C itize n ’ s .....................
N a s s a u ........................
M a rk e t & F u lt o n ..
S h oe & L e a t h e r ....
C orn E x c h a n g e ___
C o n tin e n ta l............ .
O r ie n t a l.......................
I m p o r te r s ’ & T ra d e rs
P a r k ...................... .
E a s t R i v e r .................
F o u r t h N a t io n a l....
C e n tra l N a t io n a l....
S e c o n d N a t io n a l....
N in th N a tio n a l........
F ir s t N a tio n a l..........
T h ir d N a tio n a l..........
N .Y . N a t. E x c h a n g e
B o w e r y .........................
N e w Y o r k C o u n t y ..
G erm an A m e r ic a n ..
C h ase N a tio n a l..........
F if t h A v e n u e ........ .
G erm an E x c h a n g e ..
G e rm a n ia .......
U n ite d S ta te s ............
L i n c o l n . ......................
G a rfie ld ___ . . . . . . . . . .
F ift h N a t io n a l.........
B a n k o f t h e M e tro p .
W e s t S i d e . .^ .. , . . . . .
S e a b o a r d .....................
S ix th N a t i o n a l . .. . ..
W e s t e r n N a t io n a l..
F ir s t N a t. B r ’ k ly n ..
S o u th e rn N a tio n a l.
N a t. U n io n B a n k ....
L ib e r t y N a t. B a n k .

Total.

2,000,0
2.050.0
2,000,0
2,000,0
3,000,0
1,000,0
1,000,0

1,974,6
1.923.0
944.2
2.113.2
2.144.3
449.6
2.999.2
168,0
7.192.4
143.8
1.579.5
267,4
403.3
177.8
514.4

$

15.400.0
13.635.0
10.469.6
10.509.0
20.289.9
4.834.0

$
2,210,0

2.526.0
2.051.0
1.397.0
2.288.0
501.0
8.531.2
298.4
6.715.4
813.8
1.223.4
135.5
320.0
160.7
493.9
254.1
159.2

$

2.560.01
4.736.0
1.109.2
1.959.0
5.075.4
1.460.0
6,956,9
285.2
6,827,9,
428,6

$

16.360.0
18,000,0
11.864.3
10.376.0
23.761.5
5.376.0
34.057.4
2.255.4
32.897.1
4.362.1
7,175,8
1.679.4
2.510.0
1.164.2
3.020.7
1.970.7
2.365.7
22.436.0
23.607.0
5.960.4
9.699.8
3.653.5
13.656.2
5.862.2
3.168.0
7.350.8
23.102.6
2.863.0
3.289.5
2.938.3
5.008.8
4.720.0
1.726.9
7.352.2
1.883.0
25.955.0
29.982.6
999,9
23.853.7
12.823.0
6.297.0
4.284.0
23.866.8
11,418,7
1271.3
3.058.0
3.440.0
2.841.6
20.455.1
6.767.2
3.335.1
4.041.6
6.891.5
6,642,4
5.145.9
1.923.6
5,331,8
3.030.0

22.351.9
2.347.3
26.832.7
3.883.6
2,160.8
6.214.6
1,000,0
332.5
1.674.3
300.0
480.0
2.245.0
400 .0
196.6
1.153.5
200.0
621.4
3.078.4
600,0
202.7
112,0 1.778.7
300.0
569.6
1.200.0 510.6 3.074.6
2.355.6 22.144.0 2,710,0 7.912.0
5.000.
0
3.537.5 23.699.9 4.016.2 5.232.7
5.000.
0
872.1
1.000. 1.568.6 6.017.9 1,014,1
0
1,000,0 1,103,4 7.988.0 1.540.3 2.506.5
590.3
671.7
479.6 2.522.2
• 422 ,7
930.5 12.401.7 1.614.5 1.854.6
1.500.0
832.6
960.3 5.476.1 1.015.3
450.0
397.7
200.0 259.2 2.137.0 245,2
607.5 5.934.5 1.090.8 1.714.8
700,0
1,000,0 1.900.3 18.376.9 4.607.3 3.035.6
330.4
594,9
335.0 2.705.0
500.0
178.0
595.1
600.0
377.9 2.888.3
587.2
797.6
500.0
288.7 * 1,842,2
589.3
831.1
804.2 4.412.4
750.0
1,000,0 253.7 3.253.0 518.0 1.495.0
1,000,0 1.183.1 9.664.6 1.786.8 1.902.0
1,000,0 222.8 4.543.3 1,121,0 2.168.7
251.8
392.3
412.4 1.830.0
300.0
7.336.0
1.500.0 5,467,9 19.973.0 4.421.0
2,000,0 3,074,0 24.601.1 5.519.7 4.317.1
191.2
103.1
141.5 1.116.5
250.0
3.200.0 2.017.7 20.966.3 4.921.8 2.857.7
2,000,0 445.0 9.011.0 423.0 5.106.0
946.0 1.559.0
575.1 4.450.0
300 .0
759.2
566.8
365.0 3.673.1
750.0
3.861.9
500.0 7.274.3 24.381.4 2.572.1
1,000,0 193.1 9.037.9 1.724.6 1.905.1
219.9
111.1
138.3 1.336.5
300.0
452.0
479.0
250 .0
543.9 2.679.0
130.2
200.0 562.3 2.986.1 685.5
589.3
479.6
750.0
273.1 2.627.0
2.926.0
500 .0 1,200,6 14,248,0 4,998,5
879.9 1.365.3
5.628.4
100.0 1.018.2
282.4
668.9
621.4 2.649.0
200,0
534.3
435.3
603.1 3.164.7
200,0
796.7
527.4 5.611.4 1.091.1
500.0
518.2 5.313.5 1.075.2 1.241.2
300.0
864.5
200.0 545.2 3.884.7 732.1
302.0
200,0 309.3 1.885.8 181.4
865.4
749.0
800,0
744.7 4.404.2
200,0 281,2 2.211.0 227.0 1.055.0 6.022.0
802.0 1.278.0
228.3 4.586.0
500.0
299.0
152.0 1.630.0
335.9 1.802.0
200 .0
2,100,0 218.6 11.865.5 1.791.4 1.886.4 13.200.2
621.0 4.793.0
871.5 4,214,0 1,113,0
300,0
142.1 1.003.0 3.029.3
575.5 2,690,4
500.0
1,200,0 278.8 9.741.2 1.084.4 1.919.3 11.037.3
295.4 1.334.1
163,7
112.9 1.366.9
500.0
71,259,6 499,714,7 93,677,1 116,036,6 592ÌÌ76/5
61,622,7
750.0
300.0
600.0

New York City, Boston and Philadelphia Banks :
BANKS.

N. York.*
Oct. 13....

Capital &
Surplus.

Loans.

Specie.

Legale. Deposits.+ Circ’l’n Clearings.

$
$
$
$
$
$
132.882.3 500,168,2 92.890.9 1156712 590.859.1 115537 478.844.8

“
2 0 . . . . 132.882.3 500,772,5 93.937.9 1172525 594.706.9 117230 486.918.9
1 2 7 . . . . 132.882.3 499.692.7 93.926.6 1185121 594.295.2 116197 486.701.9
549,450,3
Nov. 3 ... 132.882.3 500.822.0 93.755.6 1182249 595.104.9 115178 467,522,6
“ 10.... 132.882.3 499.714.7 93,677,1 1160366 592.176.2 11207«
Boston .*
O ct. 2 7 . . . . 69.351.8 171.297.0 11.433.0 8.691.0 168,499,0 6.975.0 79.720.2
Nov. 3---- 69.351.8 173.819.0 11.057.0 8.793.0 175,169,0 6.922.0 103.902.9
1 10.... 69.351.8 175.552.0 11.040.0 9.061.0 174,236,0 7.061.0 85.316.3
Phila.*
115.431.0 5.348.0 65,372,1
32.668.0
O ct. 2 7 . .. , 35.810.3 112.129.0
115.623.0 5.287.0 64,752,0
32.554.0
Nov. 3 .. 35.810.3 112.173.0
115.873.0 5.297.0 ; 53,111,9
33.150.0
m
i o . . . . 35.810.3 112.138.0
* W e omit two ciphers in all these figures. + I n c lu d in g f o r B o s to n an d Philad elph ia th e ite m “ d u e t o o th e r b a n k s.”

THE CHKON1CLE.

N ovember 17, 1894.]

B r e a d s tu ff’s F ig u r e s B r o u g h t F r o m P a g e 8 8 8 .—The
statements below are prepared by us from the figures of the
New York Produce Exchange. W e first give the receipts a t
Western lake aud river ports, arranged so as to present th e
comparative movement for the week ending Nov. 10, 1894,
and since August 1, for each of the last three vears:
Receipts at—

Corn.

Wheat.

Flour.

Oats.

Barley.

Rye.

Bbls.imibs Bush.60 lbs Bush.5Q lbs Bush.32 lbs BushAS lbs B u .56 lbs.
C h icago.........
M ilw aukee...
D uluth.........
M inneapolis.

91,778
31,950
182,310
1,273
2,273
9,870
21,620
5,400

D etroit........
C lev ela n d ....
St. L o n is ....
Peoria...........
Kansas City.
T ot.w k , ’94.
Same w k,’93.
Same w k ,’92.
Bines A ug. 1.
1894............
1893............
1892............

346,474
446,327
332,255

361,590
188,532
1,132,948
1,695,950
200,800
52,081
38,301
191,586
11,400
68,418

591,726
27,950

3,941,606
6,588,477
6,481,584

1,133,716
2,494,647
1,651,115

824,889
119,000
82,617

10,280
53,600
19,768
20,868
148.095 ’
230,050
31,369

486,800
295,200
163,647

6,500
20,893
23,944
140,505
154,000
2,522
1,374,900
2,107,301
1,794,072

S0]550
28,350

2,800
17,983
73,570
57,400

700
1,800

1,097,600
1,380,835
1,336,041

64,200
85,079
319,785

5,176,008 79,133,021 20,346,649 34,330,673 16,289,478
875,781
5,046,224 76,347,862 49,914,575 47,098,613 12,346,255 1,343,943
5,256,454 118,899,881 41,356,903 41.602,465 12,077,212 4,218,924

The receipts of flour and grain at the seaboard ports for the
week ended Nov. 10. 1894. follow:
Flour,
bbls.

Receipts at—

New Y ork .................. 181,270
B oston........................
80,118
M ontreal...................
38,926
70,228
P h iladelph ia. . . . . . . .
B altim ore.................. 91,250
R ichm ond..................
1,615
12,373
New O rlean s............
T o ta l w eek .........
W eek 1893.................

Wheat,
bush.

932,550
31,763
277,755
36,757
199,456
32,081
24,459

475,810 1,536,826
411.023 1,799,462

Com,
bush.

Oats,
bush.

Barley,
bush.

355,400
442.100
250,950
131,683
197,275
13.460
................................. 56,8354,938
23,236
51,392
35,200
49,806
12,204
.............
4,702
8,645
.............
11,475
25,596
576,307
794,047
L.018,143 1,177.831

304,549
231,589

Rye,
bush.

.............
.............
.............
.............
12,368
934
13,332
8,106

863

— Mr. J. Pierpont Morgan was asked as to the correctness
of the rumors and publications of the press respecting
changes in his firm, to which he made the following state­
ment :
“ I regret extremely that these rumors were circulated and
their authenticity apparently confirmed by announcements in
the press on a day when we were all engaged in paying the
last tokens of respect to our late partner, Mr. W right, and
when we naturally could not be consulted as to their correct­
ness.
| In view, however, of what has been announced, it is per­
®
haps proper, to avoid any misunderstanding, that I should say
officially what should otherwise with all propriety be delayed
until January.
“ The present copartnership carrying on business in Philadel­
phia as Drexel & Company and in New York as Drexel,
Morgan & Company will expire according to its terms at the
end of the year, owing to ihe death of our late Mr. Anthony
J. Drexel. A t that time a new copartnership will be formed
by all the surviving partners, which will carry on business in
New York under the firm name of J. P. Morgan & Company
and in Philadelphia under the firm name of Drexel & Com­
pany. Of this firm Mr. Robert Bacon, now of the firm of E ,
Rollins Morse & Brother, of Boston, will also be a member.
“ It is also, perhaps, due to the public that I should say that
the organization of the new firm will be such as to involve no
chaDge in the character or scope of the business heretofore
transacted by the old firm.
“ The name of our firm in Paris after January will b
Morgan, Harjes & Co., instead of Drexel, Harjes & Co., as
present.
“ The statements in the press respecting changes in the
London firm of J. S. Morgan & C o., consequent upon changes
here, are entirely erroneous and unfounded. That firm, as is
well known, is an entirely independent one, and, beyond the
fact that I am myself personally a partner in both) has no
financial connection with the firm here.”

The total receipts at ports named in last table from Jan. 1
t© Nov. 10 compare as follows for four years:

— Messrs. Reed & Flagg advertise a list of guaranteed stocks,
to which attention is directed.

Receipts of—
1894.
F lou r..................... b b ls . 17,725,516

1893.
16,815,303

1892.
16,948,673

1891.
13,510,401

W h e a t ................ b u s h . 51,093,949
C o m ............................... 39.394,575
O a ts ................................ 39,353,237
B a rle y ............................ 3,547,019
Rye..........................
418,301

84,955,250
49,081,360
46,473,830
3,623,916
1,032,693

111,653,273
80,482,014
51,071,306
4,093,346
3,663,371

89,795,605
37,182,167
36,981,305
4,298,177
8,303,079

— Richard B. Hartshorne, Chairman of the security hold­
ers’ committee of the Philadelphia & Reading Railroad Co.,
advises security holders to take no action until they are
acquainted with the facts presented in the statement of Mr.
Isaac L. Rice, copies of which may be had by addressing him.

250,968,310

176.560,333

T o ta l g r a i n . . . . . . ..133,777,081

185.147,039

Bank of Montreal.— The semi-annual statement of this •
institution October 81, 1894, shows : The balance of profit and
loss for the six months ending April 30, 1894, was $804,715.
Peas, The profits for the six months ending Oct. 31, after deducting
bush.
A dividend of 5 per cent is declared,
11,381 all charges, is $604,862.
75,313 which amounts to $600,000, leaving a balance at the credit of
profit and loss of $809,577.

The exports from the several seaboard ports for the week
ending Nov. 10, 1894, are shown in the annexed statement:
Wheat.

Exports from —

Com.
bush.

bush.

F low .
bbls.

25,832
91,885
33,548

106,332
40,773
24,413
10,664
19,141
351

151,364
662 394

B o s to n ....................

201,704
226,637

Oats.
bush.

6,804
3,325

Bye.
bush.

.. 110,447
P h ila d elp h ia .........
B altim ore...............
New O r le a n s ......
129
N ew port N ew s
N orfolk ...............
P ortland..............................................................................................

8,657

T ota l w e e k .........
Same tim e 1893...

8,657
4,000

10,219
74,597

83,724
118,453

The destination of these exports for the week and since
Sept. 1,1894, is as l* low. W e add the totals for the corres­
ponding periods of last year for comparison:
Exports for
week and since
Sept. 1 to—

,---------- Flour.---------- , .---------- Wheat.--------- > ----------- Com.-----------,

Week Since Sept.
Week Since Sept.
Nov. 10. 1,1894.
Nov. 10. 1,1894.
bbls.
bbls.
bush.
bush.

United K in gd om 106,387
C on tinent............
31,089
S. & C. A m erica ..
19,716
W est In d ies........
17,722
Brit. N. A . C ol’s.
23 856
Other co u n tr ie s ..
2,034

1,887,955
402,587
292.533
218,797
115,804
8,886

511,463
93,666

T o t a l .................. 201,704
T otal 1893............. 226.637

2.926,262
2,960,549

7,405,210
3,212,157
250

Week Since Sept.
Nov. 10. 1,1894.
bush.
bush.

1,000

1,870
20,400

136,927
........
129
8,862
5,000
446

435,534
198,184
82,282
83,623
13 561
7,911

605,149 10.640,867
947,563 13,822,445

151,334
662,394

821,098
8,818,069

..... .

.............
............

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Nov. 10, 1894, was as follows:
In store at—

Wheat,
bush.

New Y o r k ..................... 13,701,000
Do
a floa t..........
956,000
B u ffa lo.......................... , 3,454,000
Do
a floa t.........
C h ic a g o ........................ 25,394,000
Do
a flo a t .......
. 735,000
Do
a flo a t .........
. 4,209,000
Do
a flo a t ........
T o le d o .......................... .. 3,022,000
D e tr o it ........................ .. 1,468,000
O sw ego........................ .,
20,000
St. L o u is ....................... 6,406,000
Do
a floa t......... .
39,000
Cincinnati................... .,
20,000
B oston.......................... .. 1,021,000
T o r o n t o ....................... .
83,000
, 692,000
P h ilad elp h ia............... . 1,187,000
P e o ria ...........................
192,000
In d ia n a p olis.............. .
306,000
Kansas C ity ................ . 1.529,000
B a ltim ore....................., 1,059,000
M inneapolis................. .12,905,000
8t. P a u l .......................
On M ississippi R iv e r
On L a kes...................... 1.342.000
On canal and r iv e r ... 1.488.000
Total
T ota l
T ota l
T otal
T otal

N ov .
NOv.
N ov.
N ov.
N ov.

1 0 ,1894..S1,220,000
3, 1894..80,027,000
1 1 ,1893..74,067,000
1 2 ,1892..67,205,000
14,1891..38,828,613




Corn,
bush.

Oats,
bush.

Bye,
bush.

Barley
bush.

231.000
84,000
5,000
220.000

2,642,000
533.000
235.000
45,000

42,000

73,000

1,000
214,000
45,000
1,176,000

1,078,000

1,509,000

101,000
23,000
19,000

29^,000

50.000
16.000

10,000

1,000
88,000
350,000
44,000

Shares.

$250 Subsorip. to Cap. Stock
N. Y. & N. J. Bridge C o .... $261
$500 Land & River Imp. Co.,
Div. Scrip, due 1897.......... 861a
$666 Mutual Fire Insur. Co ,
N. Y., Scrip o f ’ 88 a n d ’90.. 26
Bonds.

$4,000 Hud. Riv. Steamboat
Co., Lim , 1st, 6 s ..............
$2,500 Pleasure Island Co.,
Lim., 1st, 6s........................
$500 Albany & Troy Steam­
boat Co., Lim., 1st, 6s.......
$21,000 Centralia & Chester
RR. Co., 1st, 5s, 1919..........
Bonds.
$2,000 Long Island Traction
$6,000 Deutsche Verein Ist
Co. & Br’klyn Heights RR.
5s, g.,1911, (coup. due Jan.
Co., collat. trust, 6s, gold..
l , ’ 05,3%int.inst’dof 5%).50to51
Pew No. 6, Fifth Ave. Pres­
$100 Certif. indebtedness of
byterian Church........
Deutsche V erein ..___. . . . $3

59
50
50
50
81
$425

82,000

813,000

Shares.

40 Central Nat. Bank........ 122
20 Bond & Mort. Gu. C o ... 115^
50 Consol. Befrigerat’g Co. $1
50 Consol. Electr. Storage. $26
10 CreditIndem’ty Co.,N.C. i l
10 Nat. Bk. Nor. America.. 150
100 Centr. Safe Dep. Co., $280 lot.
100 St. Lawrence Marble Co. 52
10 Lawyers’ Title Ins. Co.. 150
10 Hamilton Trust Co..........192Ia
25 Cent. Park N. & E. Riv.
RR. C o ............
16<Dg
1,000 Phoenix Mining Co_
_ l l 5s
10 Long Island Bk., B’klyn. 120

#8,000

12,000

Anction Sales.— Am ong other securities the follow irg, not
regularly dealt in at the Board, were recently sold at auction :
B y Messrs. Adrian H . Muller & Son:

50.000
6,000
17.000
110,000

28,000
49,000
48.000
22.000
27,000
6,000

662,000
40.000
196.000
898,000
15.000
111.000
193.000
270.000
101.000
307.000
190.000
247.000

268,000
349,000

308.000
602.000

6,000

9.064.000
9.373.000
4.747.000
8.105.000
4,473,825

449.000
444.000
667.000
1,260.000
2,460,788

3.993.000
3.810.000
3.208.000
2.762.000
3,295,029

gaixMtxg atxd ffitmtxjcial.

777.000
597.000

2.638.000
2.658.000
8.042.000
13,113,000
1,805,638

By Messrs. R. Y , Harnett & Co. :
5 shares Equitable Gas Light C o . . . . . . . . . ............. ............... ......... 170
50 “
Tanite Company (Stroudsburg, P a .) .......................
321*

14.000
26.000

,

9,000
9,ÓÓS)
18,000
1,000

44,000
2,000

D . D a v is
BANKERS,

&

C o .,

N O . 4 0 W A L L S T ., N E W Y O R K .

Samuel D. Davis ,

9,000
4,000
29.000
36.000

S am uel

180,000

Chas. B. Y an Nostrand

82,000

S pencer T rask a
BAN KERS,
10 W A L L

C o .,

NEW
STREET,
State and Jam es Streets, A lbany,

YORK/

B on ds and S tocks B o u g h t and Sold o n C om m ission. D ealers ln State, C ity and
(R ailroad BoDds. C orre sp o n d e n ce in v ite d .

THE CHHONICLE.

864
% \ iz

Interest Nov.
Periods 10

^ w a k z x s7 (S a e tte *
D I V I D E N O S .

Name o f Company.

R a ilr o a d s .

North Pennsjlvania (quar.)......
M is c e lla n e o u s .

When
Per
Cent. Payable.
2

Nov.

Books closed.
(Days inclusive.)

26 Nov. 16 to Nov. 19

[V ol. L IX .

2 s ,...................... reg.
4s, 1 9 0 7 ... _____ reg.
4s, 1907.............coup.
5s, 1 9 0 4 ............reg.
5s, 1904....... .coup.
6s, our’cy ,’9 5 ....r e g .
6s, our’cy,’ 9 6 ....r e g .
6s, 3ur’cy ,’ 97___ reg.
6s, our’ey,’ 9 8 ....r e g .
6s, cu r’ey,’ 99. „ r e g ,
4s, (Oher.)1896..reg,
4s, (Cher.) 1897..reg,
4s, (Cher.) 1898 reg
4s, (Cher.) 1899..reg

Nov.

12

Nov.

13

Nov.

14.

Nov.

15.

Q.-Moh. * 96 * 96 * 96. " 96 * 96
Q.-Jan. 11558 *115 *114% *114 *114
Q.-Jan. *115% *115 *114% 1143s *114%
119 *118 *117%
Q .- F e b . *119% 119
<3.- F e b . *119% *118% *118% 117% 118
J. St 3. *101 *101 *101 *101 *101
J. St J. *105 *101 *104 *104 *104
J. St J. *108 *108 *107 *107 *107
J. St J. *111 *110 *110 *110 *110
J. St J. *114 *113 *113 *113 "113
March. *103% *103% *103% *103% *103%
March. *104% *104% *104% *104% *104%
March. *10538 *10538 *10538 *105% *10538
March. *106% *106% *106% *106% *10o%

Nov.

16.

* 96~

114%

*114
"117%
"1171a
"101
"104
"107

"110
"113
"I03ia
"104%
"1053a

Dec.
1 Nov. 17 to Dec. 2
2
Jan.
2 Dec. 9 to Jan. 2
3
Dec.
1 Nov. 21 to Dec. 2
2
"106%
Dec.
1 Nov. 15 t o ---------1
United States Sub-Treasary.— The following table shows
1
2% Dec.
2% Dec. — ---------- t o ---------- receipts and payments at the Sub-Treasury.
2%) Dec. 15 Dec. 2 to Dec. 16
Balances
% 5
Dec. 15 Nov. 24 to Dec. 16
Payments.
Receipts.
Date.
Coin Cert's Currency.
Coin.
i
Dec. 31 Deo. 11 to Jan. 1
4
Nov. 28 Nov. 21 to Nov. 29
$
$
$
$
$
997,821 62.332,100
2,677,607 75,871,419
Nov. 10 3,019,510
W A L L ST R E E T. F R ID A Y , NOVEMBER 16, 1 S 9 4 -5 P . M.
1,129,348 62.891,883
2,878,232 75,798,191
1 12
3,446,311
1,068,237 62,365,460
2,431,244 75,719,614
1,765,133
“ 13
The Money M arket and Financial Situation.— The official
1,131,161 62,546,678
1,978,304 75.699.793
“ 14 2,202,625
announcement of the Government bond issue has been the
891,002 62,967,374
75,651,596
2,940,925
3,073,766
“ 15
908,432 64,082,319
2,459,801 74.637.793
“ 16 2,627,878
event of the week in financial circles. It seems to have been
largely discounted last week by the advance in prices at the
Total 16.135,223 15,366,113
Stock Exchange. The official circular, which was issued on
c jins
Coins.— follow ing are current quotations iu <
Wednesday morning, was followed by a general selling move­ Sovereigns.___ ..$4 86 ®$4 90
Fine silver bars.. — 63% ® — 64
Five francs........ — 90 a — 95
Napoleons...........
85
ment, evidently for the purpose of realizing profits. The re­ X X Reichmarks 3 70 a 3 90
Mexican dollars.. — 50% a — 51%
4
a 4 80
Do uncom’cia l..------a — —
25 P eseta s....... 4 75 a 4 85
sult is a partial loss of the gains noted last week.
Peruvian sols.. . . . — 50 ® Nom’l
Span. Doubloons.15 55 a l 5 75
Leading brokers report an active market for street railway Mex. Doubloons.15 55 a l 5 75
English silver.... 4 80 ® 4 90
and traction bonds, which seem to be growing in favor with Fine gold bars. . par® % prem U.S. trade dollars — 55 a — 65
State and Railroad Bonds, •Sales of State bonds have
investors, and some issues sell freely at advanced prices.
been unusually large at the Board, including $169,000 V ir ­
Anticipating the demand which will be made upon the ginia fund, debt 2-3s of 1991, at 59 to 59% ; $21,000 Tenn.
banks to float the new issue of Government bonds, some ef
settlement 3s at 79% to 80 % ; $12,000 No. Carolina 6s, at 124,
fort has been made to advance the rates of interest, but with and $75,000 V a. 6s defd. trust receipts, stamped, at 8 % to 8% .
Railroad bonds have been generally less buoyant than last
little if any success. W ith desirable security money may yet
week, but prices are well sustained. The Atchison issues
be obtained at the low rates which have prevailed for some have been more active than usual, and steady, as Mr. Little’s
report, which was announced on Monday, is not more unfavor­
time past.
The open market rate for call loans during the week on able than had been expected. Bonds of the U . S. Cordage
stock and bond collaterals has been 1 per cent. To-day rates Co. have declined about 3 points on reports of reduced earn­
on call were 1 per cent. Prime commercial paper is quoted at ings. Southern Ry. 1st 5s are lower as the report of earnings
for the first week in Nov. was disappointing. The decrease,
2 % to 3 % per cent.
The Bank of England weekly statement on Thursday however, is insignificant, and may be accounted for by the
showed an increase in bullion of £405,203, and the percentage relatively light movement of cotton at Atlantic ports. Among
of reserve to liabilities was 63*00, against 62*12 last week; the the other more active bonds may be mentioned Rio G.
discount rate remains unchanged at 2 per cent. The Bank of West, lsts, which have further advanced; Mo. Kan. & Texas,
France shows an increase of 18,725,000 francs in gold and a No. Pacific, Or. Imp. 5s and O. S. Line 6s, Phila. & Read.,
St. L. Southwestern, Tex. Pac., Union Pac. and Wabash issues.
decrease of 925,000 francs in silver.
The following table shows approximately the par value of
The New York City Clearing-House banks in their statement
of November 10 showed a decrease in the reserve held of $2,- railroad bonds sold at the Board and the net changes during
266,800 and a surplus over the required reserve of $61,669,- the week of some of the more active issues.
Advanced.
Decline.
650, against $63,204,275 the previous week.
$1,324,000..Atchison 4s. . . . . . . % $123,000. .0. R. T. & P. ex. 5s.. 3s
437.000. .
I
Class A .. % 65.000. .N. Y. L. E. &W. new
2d cons.................... 4
1892.
105.000. . C.N .& P. 1 s trects. %
Differen’sfrom
1893.
1894.
167.000. .C. & O. gen. 4%s.. % 12.000. . No. Pac. 1st coup... %
Nov. 12.
Nov. 11.
Prev. week.
Nov. 10.
46.000. . “
2d coup
%
111.000. .M. K. & T. 1st 4s.. %
col.tr.notes. %
461.000. . i
“
2d 4s.. — 88.000.. “
$
$
$
$
51.000..0 .. imp. con. 5s
1%
144.000. . M . K . & E . 1st.... %
60,922,700 60,422,700
Capital................ 61,622,700
25.000. -No. Pac. 3d coup.. % 128,000..Or. S.L. 6 s ... . . . . .
71,605,100 68.233.500
Surplus. . . . . .... 71.259.600
104.000. .5.. L. Southwest 1st
121.000.. “
con. 5 s ... 3§
Loans & disc’nts. 499.714.700 D e c*i" Ï 07,*300 402,986,000 445,958,800
73.000. .P. & R. 1st pr. inc.35s 105.000. .Tex. Pac. 1st 5s—
5,608,800
11.207.600 Dec. 310,200 14,356,300
Circulation. . . .
65.000. .West. 8h. guar 4s.
151.000. . “
2d I “ 1%
Net deposits....... 592,176,200 Dtc.2,928,700 455,739,900 451,606,400
7.000..U. P. lsts of 9 6 ....
146.000. . “
3d “ “
1
78,500 98,644,900 75,143,000
Specie.................. 93,677,100 Dec.
25.000. . “
“ 9 7 ....
83.000. . “
gen. M. 4 s.138
Legal tenders.... 116,036,600 Deo.2,188,300 73,118,800 40.437.500
57.000. . “
“ 98----132.000. . 5 . . L . Southw . 2d.. %
Reserve held....... 209.713.700 Dec.2,266,800 171,763,700 115,580,500
16.000. . “
“ 9 9 ....
415.000. .Tex. Pac. 2d Inc... %
L egal reserve.. . . 148,044,050 Deo. 732,175 113,934,975 112,901,600
102.000. . Wabash 1st 5s...... — 113.000. .Rio G. W. ls ts .....
41.000. . “
2d 5s.........1%
2,678,900
Surplus reserve 61,669,650 Dec.1,534,625 57,828,725
R ailroad and Miscellaneous Stocks.— Those who looked
Foreign Exchange.— The foreign exchange market has been for a continuance of the advance in prices of stocks which
alternately firm and weak, while quotations have remained was a feature of business at the Exchange last week have
steady on a light volume of business. The offerings have been failed to realize their expectations. Evidently the outside
chiefly commercial bills, and readily absorbed. The anticipa­ public are not yet ready to invest to any considerable extent,
tion and announcement of a Government bond issue bas had and the trading has been largely professional.
the effect to rather depress the market and delay operations
American Sugar Refining has been the favorite, sales of the
while awaiting the result. The close is firm, with a tendency stock averaging over 100,000 shares per day, and as usual has
to higher prices. To-day’s actual rates of exchange were as fluctuated most widely, selling at 96% on Monday, below 87
follows : Bankers’ sixty days sterling, 4 86 @ 4 86% ; demand, on Wednesday and Thursday, and closing at 87% . Of the
4 87@,4 87% cables, 4 87 % @ 4 87% .
industrials Chicago Gas has been next in order, and more ac­
Posted rates of leading bankers are as follows :
tive than for several weeks past, but firm, and closes at 75%.
General Electric has yielded somewhat to the general pressure,
Sixty Days.
Demand.
November 16.
closing at 35% . Western Union has been strong on the report of
better earnings. U . S. Cordage has suffered from rumors of
Prime bankers’ sterling bills on L on d on .. 4 87 @ 4 87% 4 88 ® 4 88%
poor earnings and from heavy selling, and both the stock and
4 85%®4 86
Prime com m ercial.
bonds are lower, the former selling down to 9% on Thursday
4 35%®4 85%
Docum entary com m ercial.
5 18% ® 5 17% 5 16%®5 15»s and closing at 10 for common, against 13% last week, and
Paris bankers ( fr a n c s ).....
401
8®403je 405ie®4C3
Amsterdam (guilders) bankers.
8 18 for preferred against 21.
Frankfort or F
nkers 95 %®9538
95%®9558
The grangers have been under strong bear influences, stimu­
The following)were the rates of domestic exchange on (New lated by reports of light East-bound grain traffic and rumors
York at the under-mentioned cities to-day: Savannah, buying
of reduced dividends by Northwest and Burlington & Quincy,
1-16 discount, selling 1-16 @ % premium; Charleston, buying but have generally remained firm. The coal-carriers have
1-10 discount, selling par; New Orleans, bank, par ; com­ declined under reports of an over-production ard a possible
mercial $1 discount; Chicago, 40c. per $1,000 premium; St. break in prices of coal, Central of N. J. closing at 92% , D. &
Louis, par.
H . Canal at 123% and D. L. & Western at 158%. Manhattan
U n ited States Bonds.— Government bonds are weak and Elevated has declined on some changes in the directory and the
report for the year ending Sept. 30, which shows a large fall­
lower as a result of the proposed new issue.
Sales at the Board include $5,000 4s registered at 114% @ ing off in business, the stock closing at 103%, against 107% last
115%, $1,000 4s, coupon, at 114%, $11,000 5s, registered, at week. More activity than usual is noticed in Atchison stock,
but net changes are unimportant.
119, and $20,000 5s, coupon, at 117%@118.

Adams Express (quar.)................
American Express......................
Barney & Smith tar, pref. (quar.)
Celluloid Co..................................
Consolidated Gas of Baltimore..
Diamond Match (qu ar.).............
Laclede Gas-L’t of St.Louis, pref
do
do
pref. (extra)
National Lead, pref. (quar.).......
. do
do common.............
Third Avenue RR..........................




THE CHRONICLE.

N o v e m b e r 17, 1894.]

NEW YORK STOCK EXCHANG-E— A C T IV E STO CKS fo r

week en din g N O V .

865
16, and since JA N . 1, 1894.

HIGHEST AND LOWEST PRICES.
■Saturday,
Nov. 10.
5%
*1

Monday,
Nov. 12.

5%
lia

4%
*1
*68 69ia 70
*62
631a *62
5214 52ia 52
96
97ia 96%
1913 19% 19%
'*142 145 *142
753s 7678 75%

Tuesday,
Nov. 13.

Wednesday, Thursday,
Nov. 14.
Nov. 15.

5%
5%
6%
5%
1% *1
1%
1%
70
70
70
68%
63
*62% 63
*62
52% 52% 52% 51%
98% 95% 96% 95%
19% 19% 19% 19%
145 *142 145 *142
76% 75% 76% 74%

5%
5%
*1
1%
68% 68%
62% 61%
51% 51%
96% 93%
19% 19%
145 *142
75% 74%

Friday,
Nov. 16.

5%
5%
1% *1
68% 69%
62
61%
51% 51%
96
91%
19% 19
145 *145
75
74%

5%
1%
69%
61%
52
93%
19
148
75%

STOCKS.
A c tiv e l i l t . S to c k s.

Atlantic & Pacific.

Sales of
the
Week,
Shares.

Range for year 1894.
Lowest.

Highest.

12,493

3 July 23 16 Mar. 14
% Jan. 2
1% Mar. 28
67 Jan. 2 81% Apr. 6
61% Nov. 3 73% Jan. 18
47 Jan. 3 53% Aug. 24
89% Nov. 7 117% Mar. 8
16 May 21 21% Aug. 31
130 Feb. 12 145 Oct. 31
84,524 70 Aug. 7 84% Mar. 21
50% Oct. 30 55 Feb. 27
70 93 May 23 97% Sept. 12
92,106 54% Jan. 3 67% Sept. 6
601 116 Jan. 2 123% Mar. 13
19,550 97 Jan. 3 110% June 7
264 135% Jan. 4 145 Apr. 9
39,856 58% Oct. 11 72% Apr. 7
1,908 32% Oct. 31 41% Apr. 7
81 109% Jan. 4 116 Apr. 10
2,700 31 Jan. 10 42 Aug. 25
182 78 Jan. 18 88 May 12
500 15*« July 11 20% Mar. 31
57% May 23 66 Jan. 12
8,026 119% Oct. 29 144% Apr. 7
2,482 155% Oct. 29 174 Sept. 13
100
9% Aug. 7 13 Nov. 7
4,250 24 June 22 37% Nov. 10
231
11%Jan. 19 12% Sept. 11
11% June 23 19% Sept. 7
212
4% Mar. 28 14% Sept. 19
33 40 Oct. 29 68 Apr. 20
450 100 Jan. 4 106 Apr. 9
595 89 July 9 95% Sept. 11
6. Jan. 2 11% Apr. 3
500 23% Jan. 4 39% Apr. 9
2,110 13% Jan. 12 19% Aug. 24
1,067 63 Jan. 3 74 Sept. 13
2,862 118% Jan. 3 139 Aug. 23
614 86 Nov. 12 100 Jan. 2
1,561 10% Sept. 21 22 Apr. 16
20,690 40% Jan. 12 57% Sept. 22
100
6 June 5 10 Jan. 22
275 19 July 9 40 Jan. 6
45,572 103% Nov. 16 127% Apr. 26
225 94 July 23 100% Feb. 1
400
2 Sept. 11 1T30%Nov. 12
220 15 Sept. 12 1146 Nov. 12
630 12 June 23 16% Apr. 7
981 18% June 25 27% Apr. 9
10,852 18% Jan. 5 32% Apr. 7
850 15% Jan. 3 22 May 15
69% Oct. 31 74 Apr. 18
1,724 95% May 24 102% Aug. 23
600 13% May 22 16% Apr. 9
100 62 July 31 75% Feb. 3
900 25 July 31 34% Apr. 2
2,875 11% June 25 18% Mar. 28
290 25% May 21 39% Mar. 27
16,900 |3% May 19 1[33%Nov. 13
|
12 178 July 11 195 Mar. 15
2.240 14 June 25 17% Sept 4
3.240 13% July
17% Sept. 13
1,250 36 May 21 48 Sept. 13
1.275 4 July 3 9% Sept. 5
102 17% Jan. 19 26% Sept. 6
870 3% June 22
6% Mar. 20
4,657 12% May 21 23% Mar. 30
300 12 Aug. ’ 8 18 Oct. 4
370 10 June 20 30 Mar. 7
120
4% Jan. 2 10% Apr. 6
2% Aug. 2
6% Aug. 23
45,220 14% May 21 23% Mar. 14
2,700 10% July 12 21% Sept. 11
940 41 Oct. 30 54 Sept. 5
4,345 II2 Jan. 15 19% Sept. 12
400 12% Feb. 7 25 Sept. 11
100 15 Feb. 1 16% Nov. 16
690 3 July 31
5% Apr. 5
960 7 July 11 11 Apr. 5
22 Sept. 21 28 Aug. 21
88 Jan. 8 95 Mar. 29
93 100 Jan. 6 110 Oct. 17
2,038 17% July 23 25 Mar. 14
11,265 11% Oct. 30 14% Sept. 13
10,699 34% Aug. 8 45% Sept. 13
4,437 7 Jan. 2 10% Aug. 20
553
3 Aug. 9 11% Apr. 3
210 34 July 28 51 Oct. 17
75 Jan. 2 75 Jan. 2
4,520
7 July 30 22% Mar. 31
100
3 Aug. 9
6% Mar. 29
760
5% July 10 8% Apr. 6
3,855 12% Jan. 2 18% Apr. 9
2,810
9 July 27 14% Aug; 28
425 32% July 27 51% Apr. 2
400 ||1% July 23 ||8% Apr 2

10

470
400
2,635
38,213
3,390

Canada Southern..... ..............
Central of New Jersey............
Chesapeake & Ohio...............
Chicago & A lto n .....................
Chicago Burlington & Quincy
Chicago & Eastern Illinois...
94
94
Do
pref.
63ia 6434 62% 63% 63% 63% 62% 63% 62% 63
62% 62% Chicago Milwaukee & St. Paul
121% 121 121 *120% 121% 121 121
1211a
121 121
Do
pref.
IO333 1043g 103% 104% 102% 103% 101% 102% 121 121 102 102% Chicago & Northwestern.......
101% 102%
145 145%
145%146
Do
pref.
6413 65%
64% 65% 64% 65% 63% 64% 63% 64
63% 63% Chicago Rock Island & Pacific
36% 36% 353* 36
35% 35% *35% 36% 35% 35% *34
35% Chicago St. Paul Minn. < Om.
fc
113 113
110% 110% *110 114 *110 112
110% 110% *110 114
Do
pref.
39% 39% £> 78 3908 38% 39
B
38% 39
39
39
39% 39% Cleve. Cincln. Chic. & St. L ...
81% 81%
«484
Do
pref.
18% 19
*18% 19
*18
19
*18
19
*18% 19
*18
18% Columbus Hocking Val. & Tol
*63
67
*61
67
*61
67
*61
67
*61
*61
67
67
Do
pref
127% 128
127% 128% 127 127% 126% 127% 124 127% 123% 125
& Hudson........
160% 162% 160% 160% 161 162
160% 160% 159% 159% 158% 159% Delaware Laekawanna&West
Delaware
13
13
*12% 12% *12% 13% *12% 13
*12
13
*11% 12% Denver & Rio G rande............
37% 37% 36% 37% 36% 37
35% 36% 36
36% 35% 36
Do
pref.
*11
12
11% 11% *10% 11% *10% 11% *10% 11%
E.T. Va.&Ga.,cert. all ass’t pd.
*17
20
*17
20
*17
20
*17
20
*17
20
Do 1st pref., cert, all ass’t pd.
*13
12% 12% *12% 14
13
13
*12% 13%
Do 2d pref., cert, all ass’ t pd.
35
35
*35
50
*35
50
42
42
*35
45
*35
45 Evansville & Terre Haute_
_
*100% 102
10158 101% 1 0 1% 101% -100% 102
102% 102% *100% 103 Great Northern, pref.............
*92% 93
92% 927g 93
93
92% 92% *91
93
92
92 Illinois Central.......... ............
*7% 8
*7%
8
*7%
8
‘ 7%
8
*7%
8
*7%
8
Central............................
25% 25% *25% 26% 26
26
*25% 26% *25% 26% 25% 25% Iowa Do
pref.
18
18% 18
18% 17% 18% 17% 17% 16% 17% 17
17 Lake Erie & Western.............
73% 74
74
74
73% 73% 72% 72% *72% 73
73
73
Do
pref.
136 138
136% 137% 137 137% 137 137% 137% 137% 136% 136%
Lake Shore & Mich. Southern
*86
88 % 86
86
86
86
*86
88
*86
88
86
86 Long Island.............................
12 % 13
12% 13
12% 12% 12% 12% 12
12% 13
13
56
56% 55% 56% 56
55% 55% 55% 55% 54% 55% Long Bland Traction............
56%
Louisville & Nashville............
*7
7%
*7
8
*7
8
7
7
8
*7
*7
7% Louisv. New Alb. & Chicago.
20 % 20% 24
24
*21
24
20% 20% *21
24
*21
24
Do
pref.
106% 108% 106% 108% 106 106% 104% 107% 104% 105% 103% 105%
Manhattan Elevated, consol..
*99% 100
100 100
100 100
*99% 100% *99% 100%
Michigan Central...................
30
30
30% 30% *29
31
*29
31
30% 29
*29
29 Minn.&St.L., tr. rects., 2d p’d
"*45% 46% 46
46
*45
46% *45
46
*45
46
*45
Do pref. ,tr. rects., 2d p’d
*14% 15% 14% 14% 14% 14% *14% 14% *14% 14% *14% 46
14% Missouri Kansas & Texas___
23% 23% 23% 24
23% 23% 23% 23% 23
23
*22% 23%
Do
pref.
30
30% 29% 30% 29% 30
28% 29% 28% 29% 28% 28% Missouri Pacific..................... .
*19
20
19
19
*18
20
19
19% 19% 19% *18% 20 Mobile & Ohio..........................
*66
70
*66
70
*06
70
*6t>
70
*66
70
*66
70 Nashv. Chattanooga&St.Louis
100% 100% 99% 99% 100% 100% 100 100
99% 100
99% 100% New York Central < Hudson.
fe
15
15
14% 14% 14% 14% 14% 14% *14% 15
*14% 15 New York Chicago & St. Louis
*69
73
*65
69
67
67
*65
69 * .
69
69
Do
1st pref.
30
30
30
30
30
30
30
30
31
*29
*29
30
Do
pref.
*14% 14% 14% 14% 15
15% 14
14% 14% 14% 13% 14 New York Lake Erie2dWest’n
&
*28
29
*28% 29
29
31
30
30
Do
pref.
32 32% 32 32% 32% 33% 32% 32% 32 32% 31% 32%
N.Y.&N.E., tr. recs.3dins.pd
*192 194 ^192 194 *194
*194
195 *195
New York New Haven &Hart.
16% 16% 16% 16% 16% 16% 16% 16% 195
*16% 16% 16% 16% New York Ontario & Western
16
16% 16% 16% 15% 16
*15% 16
15% 16
*15
15% New York Susq. & West., new.
45
45% 45% 46
*45% 46
44% 44% *44
44% *43
Do
pref.
7%
8
*7% 8
7%
7%
7% 7%
7% 7%
6% 7 Norfolk & Western................
*23
24
*22% 23% *23% 24
22% 22% 23% 23% *22
22%
Do
pref.
4%
4%
4% 4%
4%
4% 4%
*4%
*4% 4%
4% 4% Northern Pacific.....................
18% 19% 18% 19% 18% 18% 17% 18% 18
18% 17% 18%
Do
pref
*16
18
*16
18
*16
18
18
*16
17% Ohio Southern........................
17
■ 1 25 *21 25 *20 25 *16 21% *21 18
*2
21%
25
20% 21% Oregon R’y & Navigation Co.
8
8
*7% 9% *7% 9%
*8
9
8
8
8
8 Oregon Sh. Line & Ütah North
*3% 4%
*3% 4%
*3% 4% *3% 4%
*3% 4%
*3% 4 Peoria Decatur & Evansville.
18% 18% 17% 18% 17% 18
*17% 18
16% 17% 16% 17% Philadelphia < Reading
fc
17
18
17
17 % 17% 18
18% 18% 17
17% *16
17% Pittsburg Cinn. Chic. & St. L.
45
45
44
44
45% 48
46
46
46
46% *45% 48
Do
pref.
17% 18
17% 18% 17% 17% *17% 17% 17% 17% 16% 17% R.&W.P. Ter.,tr. r.5th asstpd
* 22 % 23
22% 22% *22
22% *21% 22% *21% 22% 21% 21%
Do
pref. tr. rects.
*16
20
Rio Grande Western...,
5%
5%
5%
5% *4% 5%
*5
5% *4%
5%
*4%
St. Louis Southwestern
10 % 10% 10% 10% 10% 10% 10
10
*9% •>%
9% 9%
Do
pref.
*22
26
*21% 26
*21% 26
*21% 26
*21% 26
*21% 26 St. Paul & Duluth
*83
95
*84
87
*84
87
*85
87
*85
87
*85
87
Do
pref.
*107 110 *107 110 *107 110 *107 110 *107 110
309% 109%
Manitoba...
20
20% 20
20
19% 19% 19% 19% 19% 19% 19% 19% St. Paul Minn. & Co.. . .
Southern Pacific
12 % 13%
12% 13% 12% 12% 12% 12% U2% 12% 12
12% Southern (when issued
40% 40% 39% 40% 39
39% 39% 39% 138% 39% 37% 38% Do., pref. (when issued)___
10% 10%
10% 10% 10% 10% 10% 10% 10
10%
9% 10 Texas & Pacific..................... .
*4% 5
*4% 5
*4% 5
4% 4%
4% 4%
*4
5 Toledo Ann Arbor & N. Mich,
49
49
48
48
*46
53
*46
54
*46
54
*46
54 Toledo & Ohio Central.......... .
■*75
80
*75
80
*75
80
*75
80
*75
80
80
Do
pref
13% 14% 12% 13% 13% 13% 13% 13% *12% 13% *73
12% 12% Union Pacific........................
*4%
5
4%
4%
*4% 5
*4% 5
*4% 5
*4%
5 Union Pacific Denver & Gulf
7
7%
7
7
6%
6%
6%
6% *6% 7%
*6% 7% Wabash............................. .......
15
15% 14% 15
14% 14% 14% 14% 14% 14% 14% 14%
Do
pref
12
12 %
12% 13
12% 12% 12% 12% 12% 12% 11% 12 Wheeling & Lake E r ie ....__
•42
43% 43% 43% *40% 44
*41% 43% 42% 43
*41% 43%
Do
pref
*4
4%
4
4
*4
4%
*3% 4% Wisconsin Cen. Co., tr. rects
3% 3%
M is c e lla n e o u s S t o c k s .
28% 29
28% 29% 28% 28% 28% 29
28% 28% 28% 28% American Cotton Oil Co........
5,330 25% Nov. 1 34% Aug. 25
77
77
76
76% 76% 76% 76% 77
*73
74
73
73
Do
pref.
1,137 63 Jan. 2 79% Sept. 14
91% 94% 92% 96% 91% 93% 87% 91% 87% 90% 86% 88%
American Sugar Refining Co. 496,804 75% Feb. 1 114% Aug. 21
95
95
95
96
95
95
93% 93% 93% 93% 92% 93
2,905 79% Jan. 2 100% Aug. 21
P°
pref.
100% 101
102 102% 101 102% 101 101
99% 100% 96% lOO American Tobacco Co............ 11,313 69% Jan. 2
107% 107% 109% 109% 107% 107% 108% 109
107 Aug. 27
108% 109% 108 108
Do
pref.
270
Feb.
76% 77%
76% 77% 76% 76% 75% 76% 75% 76% 75
75% Chicago Gas Co., trust rec’ts .. 71,030 91% Ja>n. 16 110 Aug. 21
58%
3 80 June25
*9
10
*8
10
10
*8
*8
10
*8
10
*8
10 Colorado Coal & Iron Devel..
5 June 26 13% Apr. 4
*25% 26
26
26% 26% 26% *25% 26
24
25%
24
Colorado Fuel & Iron.......... ’ .
1,170 21 Jan. 3 27% Apr. 4
.124% 124% 124%125 *123 125
123% 124% 122 122
120% 121% Consolidated Gas Company
1,515
l
10% 10%
9 t io%
*%
9% 10
9% 10
9% 9%
9% 9% Distilling & Cattle Feeding Co 13,500 I l 7% July 30 140 Apr. 20
Oct. 1 30% Feb. 6
37% 37% 36% 37% 36% 36% 36% 36% 36
36% 34% 35% General
12,514
42% 42% 41% 42% 41% 42
41% 41% 41% 42% 41% 42% NationalElectric Co................ 12,583 30% Jan. 3 45% Mar. 8
Lead Co....................
22 Jan. 2 44% Aug. 20
89
89% 88% 88% 88% 88% 88% 88% 88% 89
89 ' 89
Do
pref.
1,265 68 Jan. 2 92% Aug. 23
4%
4%
4%
5
5
4%
4% 4%
4%
4%
*4% 4% North American Co................
2,630
2% June 25
*13% 13% 13% 13% *13
5% Mar. 17
14
*13
14
*13
14
Oregon Improvement Co.......
110 11% Aug. 1 19% Sept. 11
23
23% 22% 23% 23% 23% 22% 23
22% 23% 22% 23% Pacific Mail.............................
6,050 13% May 15 24 Nov. 7
*82%
*82%
*82%
*82%
*82%
Pipe Line Certificates............
79 Jan. 15 90% June 9
**159 160
159 160% 160% 160% *158 162
161 161
159% 159% Pullman Palace Car Cömpany
"9 0 3 152 July 9 174 Apr. 13
*63%
*63
Silver Bullion Certificates....
64 Apr. 26 67 Jan. 20
16% 17
16
16% *16
16% *16
16% *15% 16% 15% 15% Tennessee Coal & Iron............
1,510 14 Oct. 24 20% Sept. 20
Do
pref.62% May 2 71 Apr. 2
12% 13
12% 11
12
11
11%
9% 11% 10% 10%
14,790 9% Nov. 15 23% June 18
20% 20% 19% 20 % 19
20
19% 20% 17% 19% 18% 18% United States Cordage C o .... 5,554%
Do
pref.
43
44% 43% 45
17% Nov. 15
43% 44% 43
44
40% 43
41% 42 United States Rubber Co....... 12.567 33% May 22 41 June 19
89% 89% 88% 89% 89
45 Nov. 12
90% 88% 90
88% 89% 88% 88% Western Union Telegraph
37.567 80% Jan. 3 92% Sept 1 1
'These are bid and asked; no sale made. HOld certificates, t 2d assessment p a id V All instalments p a il, j Voting trust certificates.




THE CHRONICLE

866

BOSTON, P H IL A D E L P H IA

Active Stocks.

II Indicates unlisted.

Atlantic & Pac.
Baltimore & Ohi
1st preferred
2d preferred
Boston & Lowell
Boston & Maine
Central of Mass.
Preferred
Chic. Bur. & Quin.
Cleve. & Canton
Preferred
Fitchburg pref.
Bunt. &Br Top.
Preferred
Lehigh Valley

Monday,
Nov. 12.

Tuesday,
Nov. IS.

Wednesday, Thursday,
Nov. 15.
Nov. 14.

Friday.
Noy. 16.

Sales
of the
Week,
Shares.

Range of sales in 1894.
Lowest

Highest

5%
4%
5%
5%
6
5% 5%
5%
*
*1
1%
1%
69% 69% *........ 70 *
70%
70
70%
*127
112
110 110% 110 110
I l l 111 *110
16% 16%
17% 17% 17% 17% 17
17
16% 17
206 206
206 206
206% 206% 206% 207
*195
195 id 196 *196
196 l i e
*196
152% 152% 152 152% 152% 153% *154 155
155 155%
*11
11% *11
11% 11% 11% 11% 11% 11% 11%
*____ 52
52
51
51
*49
*50
74% 75% 74
75% 76% 75
76% 75% 76
75
63% 64% 62% 63% 63% 63% 62% 63% 62% 62%
*101* 16
*11
16
*10
16
____
*•50
•62% •62%
*2%
3
3
3
3% 3%
3
3
84%
81% 81% 81% 82% 82% 83% 83% 84% 84
*32
35
*32
*32
35
35 *
*32
35
35
51
*50% 51
*50%
51
51
50% 50% *51
35% 34% 35
35% 35% 35
34% 34% 33% 34%
*118%
*119
*118% 119% *120
109% 109% 109% 109% 109% 109% 108% 109% 108% 108%
*738 7%
7%
7%
7%
7%
7% 7%
32%
32
32% 32% 32% 32% 33% 32% 32% 32
64
64
64
64%
64% 65
*63
65
69
69
*68% 69%
69
69
*4%
4% »45g 4%
*4% 4%
4%
4% 4%
4%
*18% 19
19% 19% *18% 187e *17% 18% 18
18
1781o 178 lo 178 178%
*178 178% *178
51% 51% 51% 51% 51
51% 50% 51% 51
51%
*
26 *
25 *
22% *
23 k
23%
81316
9%
8%
8%
8%
87s 9
815x6 9%6
105
104%105
104%104% 103% 104% 104 104
*104%
*4
7
6
*4
6
*13% 14
12% 13% *13% 13% 13% 13% 12% 13
236 236
237% 237% 237% 237% &
237% 236% 236%
6%
6%
6%
6%
*5% 6%
*6
6%
*6
6%

5% 14,552
July 23 16% Mar. 2S'
50 Aug. 9 1% Mar. 14
1%
*67
69
25 66 Nov. 7 81 Apr; 9>
*120
125 Jan. 17 129 Apr. 19»
*110% 111%
129 108 Jan. 31 119 May 12
16% 16%
1,659 13% Aug. 21 17% Nov. 7
72 198 July 2 212 Apr. 30
207 207
196 196
228 1827s Jan, 10 197 Sept. 7
155% 156
296 126 Jan. 15 156 Sept. 18
*11
12
180 101« July 24 14% Mar. 10
*50% 52
50 46 Jan. 3 55 Sept. 6
11,348 70% Aug. 7 84% Mar. 21
74% 75
62% 62% 18,110 5438 Jan. 3 67% Sept. 6
*11
15
10 June 7 25% Mar. 13
*•50 1-00
420 •45 June 6 •62% Nov. 13
3
92o
3%
2 Feb. 24 3% Sept. 1&
84
85
1,247 66% June 1 85 Nov. 1©
*
35
29% Apr. 25 37% Sept. 14*
51
70 47 May 7 52 July 11
51
33% 33%
2,115 33% Nov. 16 423s Mar. 13
130 101 Jan. 16 119 Oct. 2©
108 108% 1,^45 x96% Jan. 6 122 Apr. 12:
7
630
7
5®8 Jan. 2 9% Apr. 3
31% 32
8,958 13% May 19 3338 Sept. 26
66
66
771 124% Mar. 20 66 Sept. 2&
*69
113 66 July 17 69% Aug. 22
69%
4%
610
6% Mar. 21
3% June 23
4%
*17% 18%
115 12 % June 25 23% Mar. 31
*178 179
33 170% Jan. 2 180% Sept. »
2,001 48 Jan. 5 52% Apr. 7
51
k 5078 23
217s Jan. 20 28% Feb. 1
73i May 21 11% Mar. 12
8516 8% 27,809
104 104%
4,560 t83% July 2 115% Apr. 11
*4
7% Mar. 5
6
4% May 24
12% 12%
551
6% July 30 22% Mar. 31
*236% 237
46 227% Mar. 21 237% Nov. 1 2
*5% 6%
300
1% July 17 7 Sept. 24

91% 87% 90%
94%
94
93
197
195 196
28%
10%
295
♦
91
*65
65% 65% 65%
52%
52% 52
52
36% 36% 35% 36
70
*67
24% 24%
*48
48% 47% 48%
*66%
4%
4%
4%
4%
2%
2f 3a 2 I32
made.

87
88
61,268 75% Jan. 24 11478 Aug. 21
93% 93%
817 79 Jan. 3 100 Aug. 21
195 196
328 163 Feb. 26 208% Sept. 281
28% 29
650 22 July 21 31% Sept 2G
>
*10% 10%
435
>
77b July 23 11% Sept. 2©
290 290
24 265 June 22 302 Jan. 18
*90
90%
66 Jan. 18 93 Oct. 9
*65% 65%
645 53% Jan. 3 68% Nov. 1
52% 52%
1,131 42 Feb. 21 56 Oet. 12.
35
36
2,525 3038 Jan. 3 45% Mar. 8
*67
70
160 56 Jan. 4 75 Mar. 8
24% 24%
342 12% Jan. 2 26 Apr. 7
4778 48
262 47% Nov. 15 55 Mar. 11
*65
41 49 Feb. 28 68 Aug. 14
67
610
2% June 27 5% Mar. 1Ö
*2
2%
80 i l 7s July 3 12% Mar. 2 0
t Old certs.
1 Ex rights.

5%
......

Inactive Stocks.
Prices of November 16.
Atlanta & Charlotte (Balt .100
.100
. 50
50
Catawissa.........
1st preferred.
50
2d preferred..
50
. 50
100
Chari. Col. & Augusta
Connecticut & Pass.. (.
.100
Connecticut R iver....
100
.100
.100
Preferred.
100
. 50
.100
Preferred.
100
. 50
. 50
Maryland Central___
. 50
Mine Hill & S. Haven
Nesquehoning V al.. . .
50
.100
. 50
.100
. 50
.100
100
Preferred........
eaboard & Roa:
.100
1st preferred.
100
. 50
50
JAPreferred.
. 50
"West Jersey & Atlan.
“
50
Western Maryland... (Balt.) . 50
Wilm. Còl. & Augusta
“
100
100
Wilmingt’n & Weldon
“
Wisconsin Central... (Boston) .100
Preferred...............
100
“
100
Worc’st.Nash.&Roch.
“

5%

Bid.

Ask.

91
93
95
95
196 196%
29
29
*10% 10%
•290 295
*
90%
68
68
52
53%
37
37%
70
70
*24
24%
48
48
*66
67
4%
4%
*2
2%
no sale was

87%
94
196
28%
10%
*290

In active s to ck s .

Bid.

5%
*1

Ask.

B on d s—B oston .
At.Top.&S.F.lOO-yr.i g.,1989, J&J * 67% 68
2d2%-4s, g., Class A ..1989, A&O * 19% 20
83%
Boston United Gas 1st 5s............... § 83
4%
63%
2d mort. 5 s . . . . . „ ................ 1939 § 63
50
51% Burl. & Mo. River Exempt 6s, J&J I 115 116
48
Non-exempt 6s......... 1918, J&J f 105 106%
49% 50
Plain 4 s .....................1910, J&J § 90
92
26%
Chic. Burl. & Nor. 1st 5,1926, A&O §103% 104
130 132%
2d mort. 6 s ..............1918, J&D § 97% 98%
245 250
98
Debenture 6 s ........... 1896, J&D § 97
160
Chic. Burl.& Quincy 4s.. 1922, F&A § 92
92%
12
15
Iowa Division 4 s.....1 9 1 9 , A&O § 98 100
42
38
Chic. &W.Mich. gen. 5s, 1921, J&D § 60
65
84
88
Consol, of Vermont, 5s.1913, J&J § 86
12
15
Current River, 1st, 5S..1927, A&O § 62% 65
70
60
65
Det. Lans. & Nor’n M. 7s.1907, J&J * 55
67
68% Eastern 1st mort 6 g.l906,M &S.. §120 12L%
Iree.Elk. &M. V.,lst, 6s. 1933, A&O §126 127
69
Unstamped 1st, 6s....1933, A&O §125 126
55
75
K.C. C.& Spring.,1st,5g.,1925,A&O § 70
153 155
92
K C. F.S.&M. con. 6s, 1928, M&N § 89
85
K.C. Mem. & Bir., 1st, 2s,1927, M&S * 53
54
8%
8% K.
§122% 123
C. St. Jo. & C. B., 78..1907, J&J
40
L. Rock & Ft. S., 1st, 7 s..1905, J&J § 82% 90
2
2% Louis.,Ev.&St.L.,1st,6g.1926, A&O §101 102
72
70
2m., 5—6 g ............... 1936, A&O § 90
91
Mar. H. & Out., 6s.....1 9 2 5 , A&O §103 104
Mexican Central, 4 g. ..1911, J&J § 55% 57
57% 57%
11
1st consol.incomes, 3 g, non-cum.
13
84% 85
2d consol, incomes. 3s, non-cum.
7
8
65
56
. Y. & N.Eng,, 1st, 7s,1905, J&J* *116 116%
20%
1st mort. 6s......... ....19 0 5 , J&J *110 110%
12
9
2d mort. 6s.............. 1902, F&A *103% 103%
Ogden. &L.C.,Con.6s...1920,A&O §101 102
91
Inc. 6s,..............
..1920 $ ...... 20
4%
4% Ru tland, 1st,6s............ 1902,M&N §110 112
25
2d, 5s.......................... 1898,F&A §100 102
119 123
.
B on d s.—P h iladelphia
Allegheny Val.,7 3-10s, 1896, J&J 106%
•35 •50 Atlantic City 1st 5s, g., 1919, M&N
103
10 Belvidere Del., 1st, 6 s..1902, J&D 112
9
7134 72% Catawissa, M., 7s........ 1900, F&A 112
12% 1234 Clearfield &Jeff., 1st, 6s.l927, J&J 115%
4
5
Connecting, 6 s . .. . . . 1900-04, M&S
%
% Del. & B’d B r’k, 1st, 7s.l905,F& A 128 130
93
Easton&Am. lstM ,,5s.1920, M&N 107%
Elmir. & Wilm., 1st, 6s. 1910, J&J. 117%
2
2% Hunt. &Br*d Top,Con.5s.’95,A&O 102
12
13_u Lehigh Nav. 4%s.......... 1914, Q—J 110%
2d 6s, gold.................. 1897, J&D 109%
1%
1%
40
49
General mort. 4%s, g.l924,Q —F 104%
7
8 Lehigh Val.Coal lsb5s,g.l933,J&J 103% 103%
75
80
Lehigh Valley, 1st 6s... 1898, J&D 111
2d 7s............................1910, M&S 133
21
22
Consol. 6 ............
1923, J&D 123%
159% 160
orth Penn. 1st, 7 s ....1896, M&N 103
92
95
Gen. M. 7s....................1903, J&J 124 126
148 150 Pennsylvania gen. 6s, r.,1910, Var 130
71% 71%
Consol. 6s, o
............1905, Var
1
1%' Consol. 5s, r ................1 9 1 9 , Var 115% ___
35
36 1 Collat. Tr. 4% g ..„ ...1 9 1 3 , J&D
52% 53 1 Pa. & N. Y. Canal.7s...1906..T&T» Î27.:* Ì28*
92
256
30

Allouez Min’g, asstpdf-Bosio«,) . 25
25
Atlantic Mining........
“
. 25
. 50
10
Boston Land.............
10
Centennial Mining...
. 50
Do
rights
. 25
Franklin Mining.......
25
Frenchm’n’sBay L’d.
5
100
Illinois Steel..............
25
Kearsarge Mining_
_
Mortis, Canal guar. 4.
.100
100
Preferred guar. 10.
25
Pullman Palace Car.
100
Quincy Mining..........
25
Tamarack Mining___
25
___
.100
Wsstingh. Elec. & M..
50
Pref., cumulative50
* Price includes overdue coupons,




AND B A LTIM O R E STOCK E XC H AN G ES.

g y S h a re P r ic e s — n o t P e r C e n t u m P r ic e s
Saturday,
Nov. 10.

Mexican Cent’l (Boston). 100
N.Y.&N.E.,tr.rec.§
Preferi ed.tr.rec. §
Northern Central (Balt.). 50
Northern Pacific ( I
Preferred
“
100
Old C olo n y .....(Boston). 100
Pennsylvania. . .(Phila.). 50
PhiladeL & Erie.
Phila. & Reading.
Philadelph. Trac.
Summit Branch (Boston). 50
Union Pacific_
_
“
100
United Cos. of N. J. (Phila.) 100
W.N. Y. &Pa.tr.rec “
100
M is c e lla n e o u s S t o c k s .
96
Am.Sug’r Refin.fi (Boston)___ 91% 94% 93
95
95% 95
96
Preferred........
196% 197
100 197 197
Bell Telephone..
29
29
25 28% 29
Bost. & Montana.
Butte & Boston,.
25 10% 10% 10% 10%
25 *290 295 *294 295
Calumet & Hecla
90%
Canton C o .......... (Balt.). 100 '90% 91 *
Consolidated Gas
“
100 68% 68% 68% 63%
Erie Telephone.(Boston). 100 x53% 53% 52% 53
General Electric.
“
100 37% 37% 36% 38
70
67
Preferred........
“
100i *67
69
LamsonStoreSer.
“
50 24% 24% 24% 24%
Lehi’h Coal&Nav. (Phila.) 50 48% 48% 48
48
66
66% 67
N. E. Telephone (Boston). 100 66
4% 4%
4%
North American (Phil.).100
4%
*2
W est End Land.. (Boston)....
*2
2%
2%
* Bid and asked prices.
§ 3d instalment paid.

MISCELLANEOUS.

rvoL, L i s ,

95
260

fi Unlisted.

| And accrued interest.

B on d s.
Pa. & N. Y. Ca., con. 58.1939, A&O
Perkiomen, 1st ser.,5s.l918, Q—J
Phila. & Erie gen. M. 5 a ,1920, A&O
Gen. m ort.,4 g .......1 9 2 0 , A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. income, 5 g, 1958, Feb. 1
2d, 7s.......................... 1933, A&O
Consol, mort. 7 s......1 9 1 1 , J&D
Consol, mort. 6 g . . . . . . 1911, J&D
ImprovementM. 6 g., 1897, A&O
Con.M.,5 g.,stamped,1922, M&N
Terminal 5s, g ........1941, Q.—F.
Phil. Read. & N. E. 4s............ 1942
Incomes, series a ..............1 9 5 2
Incomes, series B . . . ............ 1952
Phil. Wilm. & Balt., 4s. 1917, A&O
Pitts. C. & St. L., 7s....1900, F&A
8chuyl.R.E.Side,lst 5 g.1935, J&D
Steuben.&Ind., 1st m. ,5s. 1914, J &J
Union Terminal 1st 5s.......... F&A
Warren & Frank.,1st,7s,1896,F&A
Income 6s............1 9 0 0 , A&O
Baltimore Belt, 1st, 5s.1990, M&N
Baltimore & Ohio 4g., 1935, A&O
Pitts. & Conn., 5 g ...l9 2 5 , F&A
Staten Island, 2d, 5 g.1926, J&J
Bal.&Ohio S.W.,lst,4%g.l990, J&J
CapeF.&Yad.,8er.A.,6g.l916, J&D
Series B., 6 g ..........1 9 1 6 , J&D
Series C., 6 g ...........1 9 1 6 , J&D
Cent. Ohio, 4% g ........1 9 3 0 , M&S
Chari. Col.&Aug. 1st 7 s.1895, J&J
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J
North. Cent. 6 s .............1900, J&J
6s.................................. 1904, J&J
Series A, 5s.......... ....19 2 6 , J&J
4% s.............................1925, A&O
Piedm.& Cum.,1st, 5 g.1911, F&A
Pitts. & Connells. 1st 7s.1898, J&J
Virginia Mid., 1st 6 s ...1906, M&S
2d Series, 6 s...........1 9 1 1 M&S
3d Series, 6 s . . . . . . . ...1916, M&S
4th Series, 3-4-5s..... 1921, M&S
5th Series, 5 s.........1 9 2 6 , M&S
West Va C.&P. 1st, 6 g.1911, J&J
West’nN.C. Consol. 6 g.1914, J&J
Wilm. Col. & Aug., 6 s.. 1910, J&D
MISCELLANEOUS.

Baltimore—City H all6s.1900, Q - J
Funding 6 s ............1 9 0 0 , Q —
J
West Maryi’d IsB. 6 s ..1902, J&J
Water 5 s.. . . . . . . . . . . . . 1916, M&N
fSinding 5 s ..... . . . . . . 1916, M&N
Exchange 3%s....... ...1930, J&J
Virginia (State) 3s, new .1932, J&J
Chesapeake Gas, 6s. ....1 9 0 0 , J&D
Consol. Gas, 6s..............1910, J&D
5 s .................................. 1939, J&.T
EnnltAhle 04-as. fts . - . 1 9 ' * :

t Last price tais week.

Bid. Ask,.
95

100-

117%
101 101%.
77
77%
28% 29%
19% 20
153& 15%.
117%
130%
119 121
104
100 100%.
106% 107

115%
111%
108% __
94 — —
119% 120%.
104%
103% 104%
101%
ib'7% Ï09
73
70
72
101
103% 103%84
85
112%
117 120
113
104
97% 98%.
f
111% ___ r.
115
115 __
111% 114
85
101
105% 106
112% 114
115
112
113
120% 121%103
72
108%
117%
106
111

103%
74
107%,
112

867

THE CHRONICLE.

N o v e m be r 17, 1894,]

NEW YORK STOCK EXCHANGE PRICES (Continued)-AOTrFE BO N D S N O V. 16 A N D F O B Y E A R 1894.
Closing Range (sales) in 1894.
R ailroad a s o Miscel . bonds . Inter“ t Price
Lowest.
Highest.
Period Nov. 16.

R a il r o a d a n d M is c e l . B o n d s .

Closing R
Range (sales) in 1894.
Period Nov. 16.

Lowest.

Highest.

9 20
8
Jan 101% Apr.
Athat* Cotton Oil, deb., 8g.l900 Q - F 113 b. 111 Feb. 115 July Mo. Pao.—1st,con., 6 g ...,11906 M& N 96
.
3d, 7s...............................
M& N 108 %b. 1C
Jan 112 Apr.
77% June
65 Oct.
At.Top.&S.F.—100-yr.,4g.l989 J & J 68%
Pao. of Mo.—1st, ex., 4 g.1938 F & A 100%b. <
Jan 101% Oot.
38% Mar.
A & O 20
18% Oct.
2d 3-48, g., CL “ A "......... 1989
2d extended 5 s ............1938 J & J 106 %b. {
Jan 108 Oct.
Col.Midland—Cons., 4 g.1940 F & A 25 a. 18% July 32% Mar.
St.L. & Ir. M t.lst ext., 5s. 1897 F & A 102 %b. 1C I Feb. 103% May
41%b. 40% Oct.
53% Apr.
•Atl. & Pao.—Guar., 4 g .... 1937
2d, 7 g..._................ ....18 9 7 M & N 105%b. 1C
Jan 109 Apr.
6% Mar.
3 b.
2% July
W. D. Inoome, 6s............. 1910 J & J
Cairo Ark. < Texas,7 g,1897 J & D 102 b. {
fe
Mar. 103% May
Brooklyn Elev.—1st, 6 g ..l9 2 4 A & O 85 a. 83 Nov. 107 Jan.
Gen.R’y & land gr.,
83% Sept.
Jan
Union Elevated.—6 g ... .1937 M & N 8134b. 80 Nov. 99% Apr. Mobile & Ohio—New, 6 5g. 1.931 A & O 80 b. 7
g ..l9 2 7 J & D H9%b. i:
120 Oot.
J & J 111% 105% Jan. 112 Nov.
«Canada Southern.—1st 5s 1908
General
5
67 Nov.
2d, 5s.................................1913 M & S 105 %b. 102 Jan. 106 July Nash. Ch. mortgage, 4 s... .1938 M & S 66%
& St. L.—1st, 7s. 1913 J & J 136 a. 12
133 Oot.
32 Jan. 56% Nov.
>Cent.Ga.-S.&W.lstcon.5s.l929
55%
Consol., 5
{
‘
Jan 102 Ja n
»Central of N. J.—Cons.,7s.l899 Q -J 112% 112% Jan. 115% June Nat’l Starchg .................... 1928 A & O 99%
Mfg.—1st,
8 'Jan.
98% Oct.
Consol., 7s.............
1902 '& N 125 a. 121 Feb. 124 *Apr. N.Y. Central—Deb. ext. 6a. 1920 M & N 94
4s.1905 M & N 102 %b. 1C
104% Apr.
& J 114%a, 110% Jan. 117% Aug.
General mortgage, 5 g .. .1987
1st, coupon, 7s.................1903 J & J 127% 12
Jan. 128% June
105 Jan. 111 May
Leh.&W.B.,con.,7s, as’d. 1900 ;—M
Deben., 5s, coup., 1884.. 1904 M & 8 108 %b. 1C
110 Feb.
& N 100 a. 100 Feb. 103% Mar.
“
mortgage5s.l912
N. Y. & Harlem, 7s, reg.1900 M& N 120 a. l:
122% Oet.
& J 114 b. 108% Jan. 113% Sept.
Am. Dock & Imp., 5s___1921
R.W. & Ogd.,consol., 5s. 1922 A & O 116% i:
119 Sept.
& J 105 a. 102 July 107% Apr.
«Central Pacific.—Gold, 6s.1898
West Shore, guar., 4s---- 2361 J & J 106% 1C
106% Nov.
& O 119 b, 114% Feb. 120% Aug.
»dies. & Ohio.—Ser. A, 6 g.1908
102 Sept.
& O 119
115% Jan. 119% Sept. N. Y. Chic. & St. L.—4 g ...l9 3 7 A & O 102 b. £
Mortgage, 6 g .................1911
113 June
& N 107% 101% Jan. 110 Sept. N. Y. Elevated—7s........... 1906 J & J 11034 1C
1st oonsol., 5 g .................1939
134% Nov.
& S 77%
70% June 78% Aug. N. Y. Laok. & W.—1st, 6S.1921 J & J 133 %b. 12
General4%s, g .................1992
Construction, 5s..............1923 F & A 116 b. 1
Feb. 116 Oct.
& J 95 b 84 Jan. 96% Oct.
R. & A. Div., 1st con., 4 g. 1989
i Jan 137 Apr.
& J
78% Jan. 89 Oct. N.Y.L.E.&W—1st,con.,7g. 1920 M & S 134% U
P
2d con., 4g. 1989
2d consol., 6 g .................1969 J & D ............t"
May 86 Mar.
& S 99 %b 96 Jan. 101% Sept.
Ellz. Lex.&BigSan.--5g. 1902
Long Dock, consol., 6s,g. 1935 A & O 129 b. 12
Apr. 129 May
& J 123% 119 Jan. 123% Nov.
«Chic. Burl. & Q.—Con., 7s. 1903
1£
Oct. 140 Nov.
97 Feb. 102 Apr. N. Y. N. H. & H.—Con. deb. ctfs A & O 140
&N
Debenture, 5s.................. 1913
8 : Jan. 88% Aug.
& S 103 a. 101% Jan. 105 Apr. N. Y. Ont. &W.—Ref. 4s, g. 1992 M & S 87%
Convertible 5s........ .— 1903
Consol., 1st, 5s, g ............ 1939 J & D 111
1C
Jan 111% Oct.
& A 92 %b. 90% Feb. 94% Apr.
Denver Division 4s........ 1922
July 109% Oot.
& N 88 %b. 85% Jan. 92% Apr. N.Y.Sus.&W.—lstreC.,5sg.l937 J & J 109 a. ic
Nebraska Extension, 4s. 1927
Midland of N. J., 6s, g. ..1910 A & 0 117 b. l]
119 Sept.
& S 118%b, 115% Jan. 120% Aug.
Han.&8t. JoS.-Cons., 6s. 1911
74% Apr.
& D 11658b, 111% Jan. 118 May Norf.& W.—100-year, 5s, g.1990 J & J
<11110. &E. 111.—1st, s. f.,6 s.1907
Md.&Wash. Div.—1st,5 g.1941 J & J 82 a. r
81 Apr.
Oct.
4b
& O 1223 , 118% Jan. 124 Sept.
Consol., 6 g ...................... 1934
C
116 Nov.
& N 99 b, 97 May 101% Apr. No. Pacific—1st, coup., 6 g.1921 J & J 115% 1
General consol., 1st, 5s..1937
General, 2d, coup., 6 g. 1933 A & O
89% Sept.
& N 95 a. 91% June 100% Apr.
«Chicago & Erie.—1st., 5 g.1982
General, 3d, coup., 6 g ..l9 3 7 J & D 62 b.
64% Apr.
27 %b, 27% July 35% Apr.
Income. 5 s....................... 1982 Oct.
Consol, mortgage, 5 g ...l9 8 9 J & D 29%b.
34% Mar.
92 b. 82 Apr. 91 Nov.
&
«Ohio. Gas L. &C.—1st, 5 g .. 1937
Col. trust gold, notes, 6s. 1898 M& N 78%
80 Sept.
130 b 126 Feb. 131 Oct.
&
Ohio. MU. & St. P.—Con. 7s. 1905
Chic. & N. Pac., 1st, 5 g.1940 A & 0 4034b. fi
48% Apr.
117%a. 112 Jan. 117 Oct.
&
1st, Southwest Div., 6s.. 1909
Seat. L. S. & E., 1st, gu.6.1931 F & A 45
55 Apr.
H
Jan
118% 111% Jan. 118% Oct.
&
1st, So. Minn. Div., 6 s ... 1910
July 39% Sept.
112 b 107 Jan. 112 Nov. No. Pacific & Mont.—6 g..l9 3 3 M & S 35
&
lst,Ch.&Pao.W.Div.,5s.l921
July 101% May
107 %b 101% Jan. 108% June No. Pacific Ter. Co.—6 g ... 1938 J & J 97 b.
&
•
Chic. & Mo. Riv. Div., 5s. 1926
Jan. 112 June
108 %b 101 Jan. 109% Nov. Ohio & Miss.—Con. s. f., 7S.1898 J & J 110%b. 1(
&
•Wise. & Minn., Div., 5 g.1921
Consol., 7s.......................1898
& 110 b 105 July 110% Oct. Ohio Southern—1 s t,6 g ... 1921 J & J 110%b. l< Jan 111% June
Terminal, 5 g ................... 1914
J & D 100 a. 1
Aug. 97 Mar.
<
fc
91%b, 89% Aug. 92% June
Gen. M., 4 g., series A . ..1989
General mortgage, 4 g... 1921 M& N 50 a.
July 51 Oot.
112% Jan. 120% Oct.
&D
MU. & Nor.—1st, con., 6s. 1913
J & J t 40 b.
50 Apr.
Oct.
138 Jan. 143 Oct.
Ohio. & N. W,—Consol., 7s. 1915 Q - F 141
J & D 103 a.
i Jan 106% Sept.
121 July 127 May
Coupon, gold, 7s.............. 1902 ' & D 125
A & O 55 %b.
65% Sept.
Jan
& O 118
116 Jan. 121 Apr.
Sinking fund, 6s..............1929
J & J 109 %b. 1
<
June 109% Nov.
107% May 112 Mar.
& o 110
Sinking fund, 5s..............1929
J & D t 71 b. <
76% Oot.
Jan
106% Jan. 112% Apr.
Sinking fund, deben., 5s. 1933 M& N, 109
J &
110% l<
Jan. 113% May
104 Jan. 109 Apr.
25-year debenture, 5 s ...1909 M& N 105
J & J 94 b. '
95 Aug.
Jan
& A 103
97 Jan. 103 Oct.
Extension, 4 s........ ..........1926
M & 8 93 %b.
Mar. 95% Nov.
& J 129
123 Jan. 129 Apr.
«Chic.R.I.&Pao.—6s., coup. 1917
M& N 26 b.
29 Oot.
Jan
97% Jan. 104 Apr.
& J 103%
Extension and col., 5s... 1934
J & J 76%
80% Sept.
i Jan
30-year debenture,5s...1921 M& S 91 %b. 88% Sept. 95 Feb.
29%b.
June 39% Mar.
& D 129% 119% Jan. 129% Oct.
Chic. St. P. M. & O —6s....1930
20
. i May 27% Mar.
& J 75 b. 70 Mar. 84 Jan.
«Cleveland & Canton.—5s..1917
16
13% May 21% Mar.
&D
■c. C. C. & I.—Consol., 7 g.1914
J & J 80%
80% Nov. 88 Apr.
& J
117 Jan. 123 Oct. Pittsburg
General consol., 6 g .-----1934
J & J 120 b. 1
120 - Oot.
69 Aug. 84% Apr.
& O 76%
«C.C.O.&St.L.—Peo.&E.,4s.l940
F & A ............t
Jan. t70% Sept.
17 i 15 Jan. 20 Apr.
Inoome, 4s........................1990 April.
M & 8 t 30% t
Jan \35% Sept.
93 Oct. 100 May
Col. Coal & Iron.—6 g .......1900 ■ I A 93
J & J 71%
62 July 71% Nov.
*Gol.H.Val.&Tol.—Con.,5 g.1931 M & S 91
81% May 94 Aug. Rio Gr. Western—Is
>M & N 59 b. t
69% Apr.
Oot.
& D 94
85% Aug. 94% Aug. St. Jo. & Gr. IslandGeneral, 6 g ......................1904
M& N 112%b. 1
<
Jan. 113% Oot.
Denver & Rio Gr.—1st, 7 g.1900 M& N 113 1 113 May 115% Oct. St. L. & San Fr.—6 g
M & N 112%b. 1
Jan 113% Oot.
83%
&
71 July 83% Nov.
1st consol., 4 g . . . ............1936
J & J 97 b. 82 Jan. 98 Apr.
& O 25
22 Aug. 27% Apr.
<Det. Mac. & M.—Ld.grants.1911
M& N 60%
53 July 62% Apr.
&
99 b. 93 Feb. 102 Apr.
JDul. So. Sh. & Atl —5 g .. .1937
1 J & J 19%
2d, 4s, g., in oom e.......
14 Aug. 20% Apr.
86% Jan. 107 Oct.
E. Tenn.V. &Ga.—Con., 5g.l956 M & N 104%
St,P. M. &M.—Dak.Ex., 6 ;
) M & N 120 a. 1
121 Apr.
115 b. 96 Jan. 114% Oct.
Knoxville & Ohio, 6 g ... . 1925
ì J & J 118 b. 115 Jan. 122 Mar.
79% Apr.
i ’t. W. & Denv. C ity—6 g . . 1921 f & D 74 b. 66 Jan
reduced to 4% g. . J & J 101%b. 97% Jan 102% June
<Gal.H.&SanAn.-M.&P.D.lst,5g M & N 90 b. 90 May 93% Oct.
7 J & D 85%b. 84 Jan
89% Apr.
& D 92 a. 68 Jan. 95 Aug.
■Gen. Electric, deb. 5s, g .. .1922
3 J & J 57
59% Apr.
50% Jan
S ou s. & T. Cent., gen. 4s, g. 1921 A & O 63 b. 60 Jan. 66% Sept.
9 J & J 92 b. 88 July 94% Jan
100 Feb. 103 Sept.
Illinois Central.—4 g ........ 1952 A & O
2 A & O 103 b. ].04 July 109% Sept.
4s, g .................
1953 M & N 97 %b. 95% Feb. 101% Apr.
3A & C
85% May 98 Apr.
109% Aug. 117 Nov.
Int. & GreatNor.—1st, 6 g.1919 M & N 117
94% July 103 Oot.
1J & J 102%
2d4-5s..................
1909 M & S 71 b. 60 June 71 Nov.
4 J & J 87%
87% Nov. 88% Nov.
86 Jan. 95 Apr.
I & D 90
Iow a Central.—1st, 5 g ___1938
85% Apr.
Kings Co. Elev.—1st, 5 g.,1925 r & j 63 b. 67 Nov. 85 Apr. renrnC. I. &Ry.—Ten.D.,lst,6 g A & C 76 b. 75 Jan
7 J & J 81
87 Apr.
77 Jan
90%
81 Jan. 90% Nov.
.Laclede Gas.—1st., 5 g ....l9 1 9 Q -F
0J & I
90 Nov.
72% Jan
90
.¿Lake Erie & West.—5 g... .1937 r & j 113%a 110% Jan. 115% Oct.
0 March 26%
28% Aug.
17% Jan
r & j 119%b, 116% Oct. 121% May
L. Shore.—Con. op., 1st, 7s. 1900
4 M& Î
83 b. 55 Mar. 86% Oot.
.Consol, coup., 2d, 7s...... 1903 r & d 125%b 122 Jan. 125% May
5 J & , 110 b. L03% July 108 May
116%b 113 Jan 118 Oct.
«LongIsland. - lstoou .,5 g.l9 3 1 Q -J
7J & «
72 %b. 68 July 84% Mar
& D 98 a 93% Feb. 99% May Toledo Peo. & West.—4
General mortgage, 4 g .. 1938
6 J & E 62%
t64 Apr.
& o 109 %b. 108 Oct. 113% Mar. ToL St. L. & Kan. C.—6 g
¿Louis. & Nash. Cons., 7 s.1898
I l l Apr.
9 J & . 108 %b.
& J 119%b. 112% Jan. 120 Sept.
N.O. & Mobile, 1st, 6 g..l9 3 0
9M&
Ext. sinking
98 b. 90 June 103 Feb.
97 Jan 110 Aug.
& J
«
«
2d, 6 g .. 1930
8 M & h ............ 40 May 49 Jan
& D 118% 109% Jan. 117 Oct.
General, 6 g ..................... 1930
4F &1
87 b. 82 Jan. 92% Apr.
& J 77 b. 71 July 79 Sept.
Unified, 4 g ...................... 1940
Jan 109 May
9 M& Í 106%b.
76 Feb. 91% Aug.
Nash. FL& Sh.-lst,gtd.,5 g.’37 F & A 87
9 M& Î
79 %a. 72 June 97 Mar.
82 Jan. 85 May
Kentucky Central.—4 g. 1987 J & J 82
92% ManOregon Short Line—6 j
2F &1
75 Jan.
86
107% Nov. 113% Mar.
¿Louis. N. A. & Ch.—1st.,6s. 1910 J & J 109
9 A & C 45 %b. 40 July 56 % Apr.
)
83 June 100 Mar.
Consol., 6 g ...................... 1916 A & O 98
9 J & 1) 39 b. 31% June 48% Apr.
55 July 61 Apr.
Louis. St. L. & Texas.—6 g. 1917 F & A 60
4 J & t 70%
70 May 87% June
99% Aug.
93% Jan
¿Manhattan consoL 4s........ 1990 A & O 97
6 M & ]i ............ 70 Jan. 99 Oot.
116 Jan 122 Oct. Virginia Mid.Metro. Elevated.—1st, 6 g.1908 J & J 121
9 M& ]Í 104% 102 Jan 107% Apr.
Wabash—1st,
2d, 6s.................................1899 M& N 107% 107 Jan 111 Apr.
79 Apr.
65% Oot.
;9 F & i4 69%
Mich. Cent. —1st, cons., 7s. 1902 M& N 121% 119% May 124% Mar.
1 J & J 25 9u 21 Mar. 28% Apr.
9
106 Mar. 109 Sept.
Consol., 5s....................... 1902 M A N
97 July 104 Nov.
¡7J & J 104
124 Jan. 131 Oct. West. N. Y. & Pa.—
MiL Lake 8h.&W.—1st, 6 g.1921 M& N
Î7 A & D ............ 18% Feb. 126 Aug.
2d mortgage.......
Extern & Imp., 5 g.........1929 F & A 110 b 105% Feb. 110% July
18 J & J ............ 103 Jan 109 June
76 July 84% Nov, West. U n Tel.—Co
.Mo. K. & E.—1st 5s, g., gu.1942 A & O 83%
50% Aug. 76% Mar.
37 J & J 56
Wise. Cent. Co.—If
77% Aug. 83% Apr.
iM. K. & Texas.—1st,4 s,g. 1990 J & D 82%
6% Oot.
18 Feb.
3 7 .........
38 June I 48% Apr.
2d, 4s, g ...............
1990 F & A 46
Latest prioe this week, t Trust reoelpts•N
ote.—“ b” indicates prioe bid ; “ a” price ashed; the range is made up from aotual sales only,

NEW YORK STOCK EXCHANGE PRICES.— S T A T E BO N D S N O V E M B E R 16.
SECURITIES.
-Alabama—
Class A, 4 to 5 ....... 1906
Class B, 5 s ....... .................... 1906
Class C, 4s..............................1906
Currency funding 4s............1920
Arkansas—6s, fund,Hol.l899-1900
do. Non-Holford
7s Arkansas Central R R . . . . .
•Louisiana— c o n s . . ¿914
7s,
Stamped 4 s.......... ........
New eonols. 4s......................1914




Bid.

Ask.

102%
106 108
92%
93%
2
12
170
1
12
110
100
94

SECURITIES.

New bonds, J & J ........ 1892-1898

Bid.

i
1
Special tax, Class I . ....................
Consolidated 4s....................1910 100
6 s .......................................... 1919 123
South Carolina—4%s, 20-40.. 1933 102
1%
6s, non-fund..........................1888

Ask.

SECURITIES.

Bid.

Ask.

Tennessee— old........ 1892-1898
6s,
6s, new bonds ......1892-8-1900
do
new series...............1914
Compromise, 3-4-5-6s.......... 1912
3s...........................
1913 79% 80%
5
Redemption 4 s . . . . . . ........1 9 0 7 90
5
do
4% s............1 9 1 3 102
Penitentiary 4%s.................1913 100
Virginia funded debt, 2-3S...1991 59% 59%
7%
8%
2 1 6s, deferred t’st reo’ts, stamped.

868

THE CHRONICLE.
GENERAL QUOTATIONS OF STOCKS AND

[V O L ,

L1X»

BONDS.

Quotations in New York represent the per cent value, whatever the par may be; other quotations are frequently made per share.
The following abbreviations are often used, viz.: “ M.” for mortgage. “ g.” for gold; “ gM,” for guaranteed; “ end.,” for endorsed; “ cons.,
lo r consolidated; “ conv.” for convertible; “ s. f.,” for sinking suna; “ 1. g.,” for land grant.
Quotations in New York are to Tnursday; from other cities, to late mail dates.
S u b scrib e rs w i l l c o n fe r a f a v o r b y g iv in g n o tic e o f a n y e r r o r d isc o v e re d i n tb e s e Q u o t a t io n s .
U n it e d St a t e s B o n d s.

Bid.

Ask.

Cit y S e c u r it ie s .

Bid. Ask.

Ci t y Se c u r it ie s .

Bid. Ask.

Fall River, Mass., 5s, 1 8 9 8.......... . §104
Parkersburg. W.Va.—5s, 1914___
U N IT E D S T A T E S B O N D S.
103^
2s, option U. S., reg........... ..Q —M
4Vs, 1913...................................... §110
Paterson, N. J.—7s, 19 0 0 ..............
-r e g
5s, 1904..........................reg . . Q - F
6 s, 1901.........................................
Findlay, O., school 5s,av. 28% yrs §...
coup . Q - F
5s, 19 0 4..........
Fitchburg, Mass.—6s.’05,W.L.. J&J §120
4s, 1908.......... ............I ...........
4% s, 1934.....................................
48,1903..........................................
4s, 1907............ . ............ reg - q - j
coup
4), 1 9 0 7 ...........
..co u p . .Q—J
4s, 1914 (State Normal School)..
Petersburg, Va.—6 s, long.........J&J
..reg
Gadsden, Ala , gold 6s, 1909..........
6 j, Currency, 1895....... reg ...J&J
Philadelphia, Pa.—6s,1896....J & J 105
Galveston, Tex.—5s, 1920___J&D
..reg.
J&J
6 1 Currency, 1896....... reg ...J&J
,
6 s, 1901..........................
5s, 1914-1934................................
6s, Currency, 1897....... reg. ...J&J
Pittsburg, Pa.—5s, 1913.......... J&J
Grand Radide. Mich , 5s, 1897.......
-r e g .
7s, 1912,................................... Var
6s, Currency, 1898....... reg. ...J&J
6s, Currency, 1899....... reg. ...J&J
Ham. Co., O.—Impt. 4s, 1913..........
4s, 1915.................................. J&D
4s, Certs, indebtedness (Cherokee)
Harrisonburg, Va., fond. 5s, 1924.
6 s, Consol., 1904 reg . . . . ____J&J
1896
..... .......... reg.March.
Hartford, Conn.—68,1897.... J&J
School 4% s(W ar! 35), 1 9 1 9...
.................. .................. .................. reg.March. 3s, 1 9 0 9 ........................
1897
Towns.
School 4s, (Ward 20), 1904_
_
.................. .................. .................. reg.March.
1898
Haverhill, Mass.—4s, 1 9 0 2...A&O
Portland,Me.—6s, R R. Aid,1907M&S
1899
......-...........reg. March.
4s, 1922............................. . A&O
4s, funded, 1902-1912........ J&J
S T A T E S E C U R IT IE S .
Hoboken, N J —Imp,6s, 1898.J&D
4s, 1913................................. M&S
(Seeprecedin g page.)
do
5s, 1901........M&N
Portland, Ore.—5s, 1923
C IT Y S E C U R IT IE S .
Houston, Tex.—6s, 1918
Portsmouth. N.H.—6 s, ’97, RR. J&J
Albany, N.Y. 4s,1920 to ’30. M&NJ 102
6s, 1912.......................
Providence, R.I.—5s, g.,1900.. .J&J
Alliance, 0 .- 6 « , 1904.....................
Compromise 5s. 1918
5s, gold, 1906......................... J&J
Asbury P’k, N.J.,seh’l 58.1910-39.
Indianapolis, Ind , iefd. 4s, 1924..
4s, gold, 1924..........
Athens, Ga.—5s, 1 9 2 2 ...
........ §.
Islip, N. Y., school is, 1898-1923..
6 s, gold, 1900, water loan..J & J
Atlanta, Ga.—Water 7s, 1904..J&J
Ipswich, Mass., water w’ks 4s,1924
4%s, 1899...............................J&D
Augusta, Me.—6s, 1905, Fund .J&J
4s, 1911...................................J&J
107
119 Jersey City 5s, 1923..'.............
Augusta, Ga.—6s, 1905............J&J
Assessment 5s, gold, 1924...
4s, gold, 1923..................... ..........
Baltimore— 3s, 1900................. Q—J
7s, 1905................................. Var
4 s gold, 1921.................................
5s, 1916................................. M&N
Water 7s, 1904......................J&J
3%s, gold, 1916..................... M&S
121%
3% s,1928............................... J&J
Refunding water 5s, 1916...........
Pueblo, Col., * a te r 6 s, 1914..........
Bangor, Me.—Water,6s, 1905. J&J
Water assess.,5s, 1916.........A&O
Í2Ó
Rahway, N. J.—New adjustm’ f, 4s.
Bath, Me.—6s, 1902.................. Var
Water 5s, 1923____. . . . . . . . . ____
112
Water 4 s............................. ........
5s, 1897.......................
J&J 102%
Hudson County 5s, 1 9 0 5 .... M&8
Richmond, Va.—6 s, 1901-1910J&J
J&J 102
4s, 1921........................
Lansingburg, N. Y., S. D., 1900...
j 8 s, 1904-1910............
J&J
Bayonne, N. J.—5s, 1895...............
Lansing, Mich., 5s, 1 9 1 0 ...........
5s, 1921 & 1922......................J&J
5s, 1 9 1 1 .....;................................
Lawrence,Mass.—6s, 1900 ...A&O §111
! 4 8 ,1 9 2 0 .......................................
Belfast, Me,-r6s, railroad aid,’98..
Long Isl. Cisy, N. Y.—4%s, 1912-13
107
B ilge Township, O , road 5s, 1912
Beverly, Mass., 4s, 1917.................
Improvement 4%s, 1899
Rochester, N. S .—7s, Water,1903..
T
106%
Bexar Co., Tex.—t/xt H. g,6s, 1933
Improvement 4% J 1914
,
4s, 1912...................
F&A
106%
Birmiftg ham, Ala. —
Louisville, Ky.—7s, 1903.......... Var
St. Joseph, Mo.—6 s, 19 0 3 .......F&A 105
Sanitary g. 6s, 1917.....................
Comp’mise 4s, 1 9 0 1 ............. F&A
97% 100
108% 6s, 1 8 9 7 ................................. .Var
Boston, Mass.—Water 68,1906 .Var £124% 1 2 o
20-40s, 5s, 1920..........M & N
St. Louis, Mo.—6 s, gold, 1899........ 107%
6s, 1 9 0 3 ...;...........
$118% 119
4s, 1923....................
J&J
6 s, goll, 1 9 0 5 . . . . . . . . . . . . . . . . . . . . .
Í’2Ó
%
102
Water 5s, gold, 1906.............. Var $115% 115% Lowell 4s. 1 9 2 0 .......................A&O
5s, 1900..........................................
106
Water 4s, 19 1 7 ....................... Var §110 110 %
Registered 3 %s, 1 9 0 4 ................
4s. 1905..........................................
99
4s, 1 9 2 3 ..................................... $ .. .
Lynn, Mass.—6s, 1896............ J&J
4s, 1 9 1 2 ...................
114
103
4s, 1 9 1 3 .......................
§108% 109
58,1905.......................
M&N
3-65s, 1 9 0 7 .............
111 %
4s 1899
4s, 1904...................................J&J
4s, 1914.....................
103
103
Water 3%V,‘ l 9 i 7 . .................A&O $102% 103
48, 1914................................. M&S
St. L. Co.—6 s,1 9 0 5 .............. A&O
105
Ss......................................... A&O § 94% 96
4P, 1903...........
M&S
4s, gold, 1 9 1 8 ,,..._____ _
103
Registered 3%s, 1919..................
3%s, 1916.......................... ...M&N
104%
98% St. Paul, Minn.—4%s, 1916
Registerea-3%s, 1 9 3 7 ...,____ ... $103% 104% Macon Ga.—6s, 1909.......................
4%s, 1918.......... ...............
Brazil, Ind.—Refund. 6s, 1904..... §.
5s, 1915............... ; ............
113
109% Malden, Mass., 4s, 1944.............. .
Brockton, Mass.—4s, 1 9 2 3 ...........X.
4s, 1924..........................................
6 s, 1904.............................
107%
fi’klyn, N. Y.—B’ge7s, 1915 24.J&J §146 150
4s, 1922...................... ..................
7s, 1898...................... . . . .
Park 6s, 1924......................... J&J §140 144
Manchester, N. H.—6s, 1902..J&J.
8 s, 1897.............................
Water 6s, 1 9 0 2 ............................
4%s, 1 9 1 7 ........................
116% 4s, 1911..........................................
Bridge 5s, 1919...................... J&J *121 124%
4s, 1914..........................................
San Antonio, Tex.—6 s, Í909-19J&J
Bridge 4s, 1926.......................J&J
Marblehead, Mass., 4s, 1924........ .
5s, 1920..... ............ ..................
109
Bridge 3*28, 1926
Savannah—F‘d 5s, oons.1909.0 —F
104 95 Marlborough, Mass., 4s, 1922........
Bridge Ss, 1925...
4s, 1924.......................
Scottlale, P *., fuad.&imp. 5s,1914.
103
95,14
Water 3s, 1905....................... J&J
Medford, Mass., 4s, 1919
Sioux City, Iowa—
95
Water 3%s, 1 9 1 2 .................
Meridian, Miss, sewer 6s, 1924...
School di.tdct4% s, 1894-1904..
103-39
Water 4s, 1913........... .
Somerville, Mass., 4s, 1914............ 104%
LIO'37 Methuen, Mass., 4s, 1924.......... ....
School 4s, 1920.............. .........
So. St. Paul, Minn., Bdge. 63,1921 §
11310 Middletown, Conn.—3-6 5 ,1915...
...
Public Market 4s, 1922..........
4s, 1914.................................A&O
Bpringffeld, Mass.—6 s. 1905..A&O 120
110%
4s,lb 97......................................
Minneapolis, Minn.—7s, 1901. J&J
7s, 1903, water lo a n ...........A&O 123%
117%
102
4s, 1925.....................................
4%s, 1912-15..........
107 Tacoma, Wash., gold 53,1913........ § ....
110%
Sewer 4s, 1896— , ..... .............
.
4%s, 1913................
Water and eight gold 5s, 1913.. §
107%
101-09
...
30th ward, 8t. imp 5s, av. 35y’rs§
4s, 1915.................. .
100% Toledo, O.—7-dOs, RR., 1900.M & N 113
110
Buffalo, N.Y.—7s, 1924-5.........J&J 5.....
4 p, hospital, 1 9 2 2 ............J& J
6 s, 1899.................................... Var 107
100%
4s, 1922...... ............
58,1911.......................................... 110
Cambridge,Mass.-Water6s,’96. J&J fiös"
100%
City 6s, 1904...........................J&J ¡h.18%
Mil wankee,Wis.—Water 7s,’02. J&J
4s, 1913................................... Var. 98%
109
4s, 1924............
5s, 1912.........................
General fund 5s, 1 9 1 1 ................ 110
1108%
Water 3 % s,19 1 1.................... Var 99
5s, averaging 10 years
Trenton. N. J.—4s, 1911.......J & J
99
Charleston, 8.C.—Conv.7s,’ 97. A&O
Waco, Tex —Gold 5s, 1923........
Water 4s, 1906-7.................... J&J 100
§ ....
Conv. 4s, 1909........................ J&J
§ .. . 103% Wa tham, Mass., 43,1921
Neapoiis, Va., water 6s. 1924
Chicago, 111.—7s, 1899
103 %
Newark, N. J.—4s, 1908.......... A&O §100
Webster, Mass.—4s, 1923........ .
106
7s, 1895.....................
Woonsocket, R. I., g. 4s, 1924....... h
4%s, 1918................
......
4%s, 1900.......... .....
5s, 1909....................
109
Worcester, Mass.—5 s, 1905... A&O 114
4s, 1911.....................
6s, 1910.................................... Var 119
4s, 1905.................................. A&O 105
4s, World’s Fair, 1921.......... J&J
7s, Aqueduct, 1905..................Var 123
3%s, 1905...............
J&D 101
Cook Co. 4%s, 1900
100%
Newport, Ky.. funding 5s, 1906.
West Chicago 5s, 1899
R A I L R O A D R O N D S.
Newark, O., street impt. 6s, 1898..
Lincoln Park 7s, 1895................
(Bonds o f companies consol’ ted are
New Bedford,Mass.—ös,1909. A&O
Sanitary Dist. 5s, 1896-1913....
5s, 1903...................
often under the consolidated name.)
4s, 1914........................................
5s, 1904.......... . .......
Ala.Gt. Southern—1st,6s,1908J&J el07 110
Water 4s, 1 9 1 4 ...........................
95
Debenture 6 s, gold, 1906.. .F&A e 93
3%s. 1910.............................. A&O
Cincinnati, O.—7,30s, 1902 ...J& J 4.........122% New Britain. Conn., 4s, 1913...
Gen’l mort. 5s, 1927.............J&D e 87
89
7s, 1908______
......V a r
132 N. Brunswick, N.J.—7s,water, 1904
Ala. Midland—1st, gua. 5s, 1928...
90
Ala. N. O. T. &c. 1st deb. 6 s, 1907. c 87
89
6s, gold, 1906....................... M&N 5118 118%
6s,1898......................................Var
32
4s, 1905....................................Var 5101 102
6s, 1906................................
2d debent. 6s, 1907............ ..J&D e 28
4s, 30-50s, sink, fund, 1931. J&J §102% 103 New London, Conn., 4s, 1924
Ala.&Vioksb. —
Cons. 5s,1921.A&O
92
5s. 30-50s, sink, fund,1930.M&N §110 % 111
Vioksb.&Mer.—1st,6 s, 1921. A&O 100
New Orleans, La. Premium os .. .
2d, consol. 5s............. ............. .
Cleveland, O.—7s,Sept.,1896.M&S §106% 107
Cons. 6s, 1923,ext. Crossman. J&J
|
l
Alb’y&Susq.—Cons. 7s, 1906, guar. 129
6s,1900..................................M&S §112 112%
4s, 1942................................... J&J
5s, 1896..........................................§102
103
Consol, mort.,6s,1906, guar.A&O 118
Newton, Mass., 4s, 1924
Allegh. V a l—Oen. M .,73-10s. J&J 106 106%
5s, 1907.................................. J&D §114 115 New Ulm, M inn, ref. school5s,1904
Fundeddebt 4s, April,1902.A&O §102% 103 New Whatcom,Wash.,water 5%s,g.
1st mort., 7s, 1 9 1 0 ............. A&O 125 128
4s, 1904...... ............ ........ ............$.......... 104 % N.Y. City—7s, 1900..................M&N
Allentown Term.-lsts,4s, 1919. J&J .......
Columbus, Ga.—7 s....................Var
Gen. 4s, g., 1942....................M&S
6s, 1900..................................M&N
67% 68
Atoh.T. &S. Fe—
new 4s, 1989, J&J
6s, gold, 1 9 0 1 ....................... J&J
20%
Corry, Pa.—Refund. 4%s, 19i2...... §..........100
2d, 2%-4s, Class A, 1989....A&O
104
6s, 1896....................
2d, 4s, gold, Class B, 1989..A&O 20 % 20 %
Covington. Ky.—4s,1927, new.J&J § 99% 100
5s, 1908..................................M&N §117
95% 96%,
5s, 1930.................................. F&A §107%
Guarantee fond notes..................
5s. gold, 1896........................ M&N
8s, 1899............................... -..J&J §110 115
Atl. & Chari.—1st p f. 7s, 1897.A&O 100
3%s, 1912................
Dallas, Tex.—5s,St. Imp’m’t, 1928. §101%
1st, 7s, 1907............ ..................... 119
3%s, 1913................
5s, water, 1920.............................. 5101%
Income, 6 s, 1900 ...........A & O 104% 105
3%s, 1924................
Atlantio Ave. RR. (B’lyn)—Gen. 5s,
Dayton, O.—6s, 1898.......................§ .......... 1077s 3s, school, 1908.......
6s, 1904 .........................................§......... 117
g., 1 9 0 9 ................................ A&O
3s, 1907................................ A&O
Imp. 5s, g, 1 9 3 4 ...................J&J
Denver.Col.—Pub. imp. 4s, 1908... §........ 100
2%s, 1909-29, tax e x e m p t........
Sewer 6s, 1901........................ ......§ ...... 101
Atlantic City—1st,5s,g.,l919.M&N 102
University 1st M. 4s, 1920___ . . .
43%
Derby Conn., 20 y’rs 4s, 1914.J&J
Atlantio & Pao.—1st 4s, 1937..J&J 42
Niles, O., Eleo. Light 6s, 1905-19..
3%
Detroit,Mich.—6s,W. L., 1906J&D §........ 124
W. D. Incomes, 1910.......... A&O
Norwich, Ct.—5s, 1907........ ...A&O 113%
4
4S, 1922.............. * ...................... §107
108
3
Oent.Div.—Inc., 6 s, non-cu., 1922
Omaha, Neb.—School 5s, 1912
4s, gold, 1923........ .......................§108
109
Land gr. incomes, cum., 1901..
5
5s, 19 1 2................................. .
Dubuque, la .—Impt. 5s, 1901........ §..........102%
Balt.Ches & At. 1st 53,g.,1934.M&S
5s, 1896................................. .
Dunkirk, N.Y., Imp. 4s, 1895-1904 §........ 1017s
Balt. & Cum. Val. Ext. g. 6 s, 1931.
5s, 1897.................................,
129%
Elizabeth, N.J.—New 4s,1922.J&J § 86% 88%
5s, 1904...................................
4s,
108 Baltimore & Ohio — 1935.. .A&O 101%
Everett, Mass.—4s, 1924................ §105
106
Parkersburg, Br.,6s, 1919...A&O 120
4%s, 1910................................
106
Price nominal.
§ Purchaser also pays accrued interest.
e In London.
ISubject to call.




N ovember 17, 1894.]

THE CHRONICLE.

GENERAL QUOTATIONS OP STOCKS AND

869
BONDS—

C o n t in u e d .

F o r E x p la n a t io n s See N o tes a t H e a d o f F ir s t P a g e o f <i n o t a t io n s .

Bid Ask.
R ailroad B onds.
Bid Ask.
R a il r o a d B o n d s .
Bld. Ask.
sA 111 112% C.B.&Q ( Con.)-ts, plain, 1921.M& 8 881 ........ Clev. Cin. Chic. & 8t. h .-(C o n t.)—
*
sA 11312 ......
Nebraska Ext., 4s, 1927.... M&] Ï 88J 89
Peo. & East. cons. 4s, 1940....... .. 75
«
75%
D 10412 105
Plain, 7s, 1896............. ........ J& r §102 a 102%
Income 4s, 1990........................
17%
8
35 1111 ........
Bonds, 5s, 1895........ ........J & l D5.......
Clev. Col. C. & I.—1st 7s, ’99.M&N 111%
fcS elOl 104
Convert, deb. 5s, 1903........ M& 3 101 * 102
Consol, mort., 7s, 1914........ J&D 129
Sterling, 6s, g., 1902.......
fcS el 12 114
Bur.& Mo. (Neb.), 1st,6s,1918. J& r §115 115%
Gen. con. 6s, 1934..................J&J 121
N el22 124
Cons, 6s, non-ex., 1918___J& r §105 4 105% Belief. &Ind. M., 7s, 1899...J&J
D el 08 110
4s, (Neb.), 1910..................J& r§ 931 94% Clev. Lor.&W. cons. 5s, 1933.A&O § 98% ioo**
2
O el09 111
Neb.RR, 1st, 7s, 1896.......A&< )§1035 t 104 Cleve. & Mah.Val.—G. 5s, 1938J&J
On». & ft. W., 1 st, 8s, 1896 J&l ) fclOfi
N .......
Ole. & Pitts.—Con.s.f.,7s,1900M&N Í16%
Mon.Riv.A 98 - . ...
Ott. Osw. & Fox R., 8s, 1900. J & §Ü8 118%
Gen. gu. 4%s, g., “ A,” 1942.J&J 110
iS 1024 . . . . ..
Atoh’n & Neb.—1st,7s,1908 M&! 1 S ___
Colorado Mid.—1st, 6s, 1936.. J&D
8Ö”
N 102
Repnb. Val., 1st, 6s, 1919...JAu §.___
Consol, gold,4s......................1940
25
cJ 108 ...... Chi. & East. 111.—1st mort. 6s. 190'"7 11619 ....... Columbia & Gr.—1st, 6s, 1916. J&J 110%
sJ 100
125
2d mort., 6s. 1923.................A&O 49
=
3 45
Gen. con., 1st, 5s, 1937.......M&>
99
Col.& C.Mid.—1st,4%s, 1939..J&J 85
90
24
1st Inc. 5s. g „ B _
_
3 21
Ch.&I. CoalR’y, 1st5s, 1936.. J&„
985S 100
Colum. Hook.V. & T .—Con.5s,1931
91%
O 122
Chic. El. (“ Alley” ), 5s, g,1929 A&C
71
Gen. 6s gold, 1904................ J&D 94
72
95
J 123^ 125
Extension 5s, 1933................J&,
4 H 3 41% Col. &Hook. V.—lstM.,7s,’97. A&O
N 1034 104
Chic. & Gr. Trunk—1st, 6s., 1900. 100
Col. & Toledo—ls t7 s ,1905..F&A
B »ech Creek—1
J 103 ij ........ Chio. Mil. & St. Paul—
do
2d mort., 1900.M&8
2d guar. 5s, g
J 110
M.&St.P.lst, 8s, P.D.,1898. F&A 113s! ........
B
Ohio&W. Va„ lst,s.f.,7s,l9i.0M&N §117%
B ilvidere Del.D 112
87*9 93
P. D., 2d M., 7 3-10s, 1898..F&A 118% 123
J
Car trust bonds, 1904..........Q —
R.D., 1st, ijt, gold, 7s, 1909! J& 12ß
A .......
Ohi >Laud & Ry. 6s, 1914... .J&J 80
85
106%
0 5...
I. & M., 1st M., 7s, 1897.” 7 ." J&J 118V 119% Col. 8 and. & H. 5s, 1944... .F&A
J §104 104%
I’a. & Dak., 1st M., 7s, 1899. J&J 1188 119% Col.Shaw. &H 'k.—1st 5s,1940. J&J
J §104 105
Chio. & Mil., 1st M.,7s, 1903.J&, 126
Equipment 6s, g., 1916. ...A&O
70
r. §100 101
Consol., 7s, 1905....................J&, 130V 131
Col. & Western, 1st, 6s,1911...J&J 111 114
5 §104 105
1
1st M., I. & D. Ext., 7s, 1908J&J 131% ........ Conco'd & Montreal—
B iston & Maine—4 % 1
,
J §110% 112%
1st M.,6s, S’ihwest Div.l909J&. 116% 117%
Oousol. 4s, 1920 .................. J&D
103%
Improvement 4s, 1Í
A §100 101
1st M., 5s. La C. & Dav.l919J&. 107% 110
B. C. & M. impt s, 1911. ..J& J >115 120
Do
4s, 11
A § ........ 103% So. Miiin. 1st 6s,1910............J&, 1184 ........ Conn. &Passum.—M. ,4s,1943. A&O
104
B 'St. & Providence—4
J §107 108
Hast. &Dak.Ex.lst,7s, 1910. J&J 1264 ........ Connecticut River 4s. 1943...M&S )i'02’ 103
J §104 105
B »st.RevereB.&Lynni
do
5s, 1910........... J&J 107Vi
Connecting(Phila.)—1st, 6s ..M&8
9 11208113
Chio. & Pao. Div. 6s, 1910 .. .J&J
ÎÏÏ94Ï Consol.RR.of Vt., 1st, 5s, 1913. J&J § 853i 86
1
J 112%
do West. Div., 5s,1921. J&J 1 1 2 % ........ Oorn.Cow.& Ant. deb.6s,1898.M&N
9 ........ 86
Chio. & Mo. Riv. 5s, 1926___J&J 107% 108% Dayton & Mich.—Con. 5s,1911. J&J
107%
65
J 53
Mineral Pt. Div., 5s, 1910...J&J
Dayt.& West.—IstM.,6s, 1905.J&J
112
J 64
68
Chio. & L. Sup. Div., 5s, 1921J&U 106% 108
1st mort., 7s, 1905.................J&J
120
84
N 83
Wis. & Minn. Div., 5s, 1921... J&J 1 103% 109% Delaware—Mort., 6s,guar.,’95. J&J
69
J 65
Terminal 5s. s.. 1914 .............T& . . . . . i n
.T
130 "
Del. & Bound Br’k—1st, 1905.F&A
J 100 105
Dubuque Div., 1st, 6s, 1920. J&J §118 118% Del.&Hud.—Pa.Div., 7s,1917.M&8
146
Buffalo City RR. 1st cons. 5s.
. §101% 102%
Wis. Val. Div., 1st, 6s, 1920.J&J §117 117% Del. L.&W .—Mort. 7s, 1907..M&8
Boll.N.Y.&Erle—1st, 7s, 1916.
9 134
Fargo & South.—6s, ass.1924 J&J 116%
Warren 2d 7s, 1903..............A&O
BafLRooh. & Plttsb.—Qen.5s,
97%
........ :
7 97
Inc.conv. 8. F. 5s, i9 1 6 ........ j & j
Den. City Cable 1st 6s, 1908..J&J
A 122
Dak. & Gt. So. 5s, 1916........ J&J 106% 107% ;
Den. & R. G.—1st con. 4s, 1936. J&J 83% 33%
) 119% 123
1st 7s,gold, 1900...................M&N 113 113%
Gen. g. 4s, ser. A., 1989....... J&J
91
91%
J 104 106
Chicago & Northwestern—
Impr., g., 5s, 1928.................J&D 79
:
’ 103
Con. 7s, 1915............. ........... Q—F 142%
DesM. & F.D.—Guar. 4s,1905. J&J
“78%
9 95 ......
Consol., gold, 7s, op., 1902.. J&D 125 126
1st mort., guar., 2%s, 1905 .J&J 55
60
9 107
Sinking fund, 6s, 1929 ____A&O 118
1st M., on Ext.,guar. 4s,1905J&J
80
9 96
do
5s, 1929...............A&O 109% ........ ]
Des M. No th. & \Ve3t. 4-5s .1932
3 ........ 107
Det. B. C. & Alp., 1st,6s, 1913..J&jl 47%
do
debent., 5s,1933.M&N 109 ........ I
9 100
25-yrs. deb. 5s, 1909............M&N 105 106 I
Det.G.Haven&Mil.—Equip.6s,1918,e 98 102
do
95
9 90
30-yrs. deb. 5s, 1921........... A&O 106% 103% T Con.M., guar. 6s, 1918. ....A & O « 95 100
Oalifor. Pac.1
J 100
Exten. bds. 4s, 1 9 2 6 ......F&A 15 102
Det. L. & North.—1st, 78,1907.J&J ----J 95
Escan.&L.Sup., 1st, 6s, 1901.J&J 114
Gr.Rap.L.& D.,lst,5s,1927.M&8 § 64% 65
........ I
J 103
Det. Maek.& M.—Ld. gr. 3%s, 8. A.
Des M.&Minn’s,1st,7s,1907.F&A
25
do
65 . . . . . .
Dab. & Sioux C. gen. 5s,1938. J&D
Iowa Mid., 1st M., 8s, 1900.A&O 118% ........ I
Í 102%
Chio. & Mil., 1st M., 7s, ’9 8 ..J&J 112% ....... I
Duluth& IronR.—1st,5s,1937. A&O
J ........
Duluth 8 .8h. & Ati.—5s,1937,J& J
100
Winona&St.Pet.—2d7s,1907M&N 125 ........ I
I ........
1133% ........ I
Dul. & Winn. 1st 5s, g. 1929...J&J
Canada So.111%
Mil. & Mad., 1st, 6sJ i 905..,.M&S 113% ........ I
,
Dunk.A.V.&P.—lst,7s,g..l900J&D 113%
È
3 105%
Ott. C. F. & St. P., 5s, 1909..M&S 107 ........ p T. Va. &Ga.—1st,7s, 1900..J&J 115%
3 65
63
Divisional, 5s, 1930............... J&J 110
North. Ills., 1st, 5s, 1910....M&S 107
1 70
80
Consol. 5s, g., 1956......... ...M&N 104% 105
Madison Ext., 1st, 7s, 1911. A&O §133 134
112
Equip. & imp., g., 5s, 1938.. M&S
Menominee Ext.,1st,7s,1911 J&D §133 134
[ ........ 115
Cincinnati Ext. —5s., g,1940F&A
62
§135 133
Oent. of Ga.—1st, cons., 7s
J 117 119
Knoxv. & Ohio,1st, 6s, 1925. J&J 115 117
Chio. & Tomah.—1st,6s,’0 5 .M&N
Collat’l trust 5s, 1937..
92
89
Ala. Cent., 1st, 6s, 1918........ J&J 110
Cedar R. & M. 1st 7s,1916.M&N §135 136%
1 ........
£
§127
Eastern, Mass.—6s, g.,1906. .M&8 § 121 % 122
55% 56%
E
8. C.& Pao., 1st, 6s,"1898.. J &J 106 ___ Easton & Amboy—M.,5s,1920M&N 107*«
112 113%
Frem. Elk.& Mo.V.—6s,1933A&O §127 127% E Shore Ter.—1st 5s, g., 1915.F&A
120 125
Elizab.Lex.& Big 8.—5s, 1902.M&8 99% 100
do
do
Unstamped.. §124% 126
E
........
Elmira& W’mspt—1st 6s, 1910. J &J 117%
Chio.Peo. &St.L.—lstos,1928.M&S
E
........ 114% Rock l8l.Div.cons.58,g.,194i. J&D
A&O 103*
5s, 2862.....................
Leh.& Wll.—Con. 7s,g.,1900,ass.( 105 110
....... E
Erie & Pitts.—Con. M., 7s, ’ 98.J&J 109
Consol., 1st, g., 5s, 1939___M&N
Mortgage 5s, 1912............M&l ' ...... 98
Equipment, 7s, 1900............A&O 105
130
114
Evans. & Ind. 1st 6s, 1921_ J&J 105 110
_
Chicago & Southwestern..*....... fl08% . . . . E
92 102
Consol. 6s, 1926.................... J&J
102%
Exten. & col. 5s, 1934........... J&J 103% 103%
102%
30 yr. deb., 5s, 1921............. M&S 92
92% Evans.& T.H .,lst con., 6s, 1921, J&J 100 110
E
1st gen. g. 5s, 1942.............. A&O
103
Chio.& St. L.—1st 6s, 19 1 5...M&S 106
104% 106% Chio. St. L. &P.—Con.'5s,1932.A&O 112
Mr..Vernon—1st, 6s, g.,1923A&0 98
Sul. Co. Br. 1st, g. 5s, 1930.A& O
100
106
Col.&Ind. C.,lstM.,7s,1904.J&J 114
t 84%
do
' 2d M.7s,i904.M&N 118
. . . Evans. & Rich.—1st 5 g.l928.M&3 27%
e:
. . . Evansv.T.H.&Chi.—1st, 6s, g.1900 105
R
tio i%
Un.& Logansp..lst, 7s’, 1905. A&o 120
plOl 1042d, 6s, gold, 1 9 0 0 .................J&J 100
Fitohburg—5s, 1899-1903...... Var. »103% 105
105% i"07 Chic.St.P.Min.&Om.—Con. 6s, 1930 129 ........ F
5s, 1 9 0 8 .............................. M&N (107% 108
104 105
Ch.St.P.& Minn. lst,6s,1918M&N 129% 130%
125
6s, 1897................................. A&O (105 105%
St. Paul&S.City, 1st 6s,1919.A&0 129
102
4%s, 1897............................... M&S |10J% 101
Chio.& W.Ind.—S.fd. 6s, 1919 M&N ^........
4s, 1907.................................. A&O i 98% 100
102 .
Generalmorb., 6s, 1932 .„..Q —M 117
95
Chi. &W. Mich.—Gen.5s, 1921.J&D 61% 65 l Bost.H.T. & West., deb. 5s, 1913. 100%
F
Í 15 ___ 1 Dhoo. Ok. & Gulf prior lien, 6s...... 103 . . . . . . Flint & P. Marq.—M. 6s,1920.A&O 113 115
Ohes.&Ohio.—Pur.money f d. ,6s ’98 108 . . . . .. Din. Day. & I.—1st,g.,5s,1941. M&N 99% LOO*
1st, con., gold, 5s, 1939.......M&N 83
90
Beries A, 6s, 1908................ A&O 119% 121% Din. Ham. & Day.—Consol. 5sA&.0)(>105 L06
Port Huron Div. 5s, 1 9 3 9 ........
83
Fla.
118% 119%
Consol. S. F., 7s, 1905..........A&ol 119% ....... F C. & Pen.—1st, g., 5s,1918.J&J 105
O.&O. R y,lst5 s, 1939............... 107% 108%
1st 1. g. ext. 5s, g., 1930.......J&J
Consol, mort., 6s, 1905........ A&O I 112 % L13%
General 4%s, g., 1992...........M&8 77
1st, con 5s. g., 1943..............J&J 97%
2d mort., gold, 4%s, 1937... J&JJ 95% 96
(
77%
1st Consol. R. & A. 4s. 1989. J&J ____ 96%
Ft.
75
Cin. H. & 1., 1st M., 7s, 1903.J&J 118 ........ P Worth & Denv. C.—1st, 6s, 1921 74
2d do
do
4s, 1989...J&J 86
Ft.W.&Rio G .lst 5s,g., 1928.. J&J 58
89% D.I.St. L.&C.—1st g. '4s, 1936,Q—F 94
95
Fl
96 .........
Craig Val. 1st 5s, g., 1940....J&J
Gal.Har.&San&nt.—1st,6s,g. 1910.
99
Con. 6s. 1920................................. 107 ........ G
Warm 8p. Val.—1st 5s,g.,’ 41.M&8
2d mort., 7s, 1905.................J&D
105 LOS
Elevator Co. 4s, 1938..........A&O
Mex.&P.Div. 1st, 5s, 1931.M&N 90
66
62
Cin. Lafr&C.—lst,7s',g.i9di.M&S 110 Lll%
dies. O. & 8.W.—M.6s, 1911.. F&A 111
....... Din.Jack.& Mack. 1st 4s, 1991..J&D 51
70
53% Gal.Hous.& Hen.—lst,5s,1913A&0 65
G
2d mort., 6s, 1911.................F&A
.......
Georgia—6s, 19 1 0 ..................J& J
101
.02% G
Cheshire—6s, 1896-98............. J&J 103% L06% Din. Rich. & Ohio.—1st, 7s, ’95. J&J 101% L02 Georgia Pacific—1st, 6s, 1922. J&J 110
G
Ohi.&Al.—8 ser.M., 6s, g.,1903. J&J
....... Din. Rich. & F. W.—lst,7s,1921J&D 116
Con. 2d mort., 5s, g., 1923.. .A&O 49
.20
Binking fund, 6s, g., 1903... M&N ÍÍ4% i. ....... Din.&Sp.—7s,C.C.C.&i.,i901.A&O 112
84
Ga.
....... G Carol.&So.—1st, 5s,g.,1929. J&J
85
Louis’a& Mo.R.,lst,7s,1900F&A 116
. . . . ; Ga.8o.&Fl.—1st 6s,tr.reo.l927-J&J 83
g
7s, guar., L.S.& M.8., 1.902..A&O 111
... Dity & Suh'.(Bait.) 1st 5s, i 922. J&D .... LU Gr. Rap. &Ind.—1st, i.g., g’ d, 7s,g. §112
do
2d, 7s, 1900M&N
G
.... L17
Miss.Riv.Bridge, 1st.,s.f., 6s, 1912 105% ...
1st M.,7s, l.g., gold,not guar. A&O §112
CShL&At. Bdge.—1st 6s,g., 1915. J&J
Extended 1st., g-, 4%s, 1941....... 105
55
Dlev. Akron & Col.—
... General 5s, 1924............M & 8
Ohio. Burl. & Nor.—5s, 1926..A&O 1 0 3 % : 03%
Gen. M., g., 5s, 1927............M&S 1 99
2d 6s, 1918.....................
J&D § 98
Muskegon Div. 5s, 1926...J&J.. ......
99
99% 99%
Deb ant. 6s, 1896................... J&D 95
... Equip tr. & 2d M„ 10-40S...F&A 75 ....... G Bay W. &St.P.-lst,oon. 5s, g. 1911 62*a 66
G:.
10
Equipment 5s, 1903, exten.F&A §...........
2d inc., 4s....... ..........
.. ..1906
20
Chic. Burl. &Q.—Cons.,7s,1903.J&J 123% L25
at.
....... a North.—Col. tst.4s,g.,1902.M&8
Dl. 0. Oh. &SS.L. gen. 4s, g , 1993.
5s, s.f., 1901.......„................. A&O 105%
a*n. &St. Jo.—Con. 6s, 1911..M&3 1Ï8% 119%
_
_ a
Cairo Div., 4s, 1939...!.“ J...J&J 90
5s, debenture, 1913..............M&N 100%
Jarrisb’g P., &o., 1st., 4s,1913. J&J 104
92
a
St. L. div.ist,col.tr. 4 s,’ 90.M&N 90
Iowa Div. 8. F. 5s, 1919.......A&O 105%
a
White W.V.Div. lst4 s,g.,’40.J&J 88% ..... a art. & Conn. West.—5s, 1903.J&J § ......
aonsatonic—
Cons. 5s, 1937..M&N 117%
4s, 1919..............................A&O 98
..... a
C. W.&M.D1V.—1st,4s,g. 1991.J &J 92
Deny. Div.,4s,.1922..............F&A 92%
?.
....... a & Texas Cen. 1st g. 5s, 1937J&J 105
Cinn. San. & Clev.Con.58,’28. J&J 106
* Price nominal.
t In Frankfort.
t In Amsterdam.
§ Purchaser also pays accrued interest.
6 In London.
R a il r o a d B o n d s .




THE CHRONICLE.

870

GrEN'ERA.L QUOTATION'S
R a il r o a d B o n d s .

Bid.

Ask

OF

STOCKS

R a il r o a d B o n d s .

AND
Sid.

IVol. LIX.

BONDS.— Continued .
Ask.

R a il r o a d B o n d s.

Bid.

Ask,

N.Y.C.& Hud.Riv.—(Continued.)—
N
Louisville N. A. & Ohio.—
I
(Houston & Tex. Cent.—Oont.
Gouv.&Osw.lst 5s, g.l942...J&D e l l 3 133
1st, 6s, 1 9 1 0 . . . . .................. J&J 109
Cons. g. 6s, 1912................... A&O 99% : 00
Nor.&Mont. 1st 5s,g.,1916.. A&O
99
Oon. mort. 6s, 1 9 1 6 ......... A&O 98
95
Debenture 6s, 1 8 9 7 ........... A&O
R.W.&O.Term.lst5s,g.,’ 18.M&N
General m. g. 5s, 1940-----..M&N 67% 70
63%
Gen. g. 4s, 1921............
A&O 63
L07% Cart.&Adiron 1st 4s,g., 1981 .J&D
C. & I. Div., 6s gold. 1911...F&A 105
83
86
Debenture4s, 1897 .........A & O
N. Y. & Put. 1st 4s, g. 1993. A&O 101% 103%
Equipment 5s, 1 9 1 4 ...................
Hunt.&Br.Top—1st, 4s, 1920. A&O 100
Mohawk & M.lst,4s,g.l991,M&3
03%
Lou. Ry.Co.,lst e., 5s,g.,1930..J&J
Cons. 3d M. 5s, 1895............A&O 100% ....... ]Louis. St. L.&T.—Jst 6s,g.l917.F&A §103
N.Y.Chio.& St.L.—1st,4s,1937. A&O 101 102
60
N
55
Illinois Cen.—1st,gold,4s,1951. J&J Ï08 ' L10
N.
....... N Y. & Greenw’d L.—1st M. inc. 6s
1st eons. 5s, g., 1942............. M&S 10
-J&J 97% .03
Gold, 3 % s,1951.......
21 mortgage income, 6 s .............
73%
. . . . . Louisville Southern 5s........... J&J 73
i
99
Col. tr., gold, 4s, 1952 . . ....A & O
120
45 N.Y.&Harlem—7s,coup.,1900.M&N
N
Macon & Nor.—1st 4% s,1990.M&S 42
97% 98% 1
Gold, 4s, 1953.......................M&N
N.Y. Lack.& W.—1st, 6s, 1921.J&J 133%
....... N
Manhat. EL, oonsol. 4s, 1990.A&O 97
....... 1
Cairo Bridge—4S, 1 9 5 0 ...... J&D t 97
116
¿i d, 5s, guar., 1923............. F&A
Metrop’n E l.—1st, 6s, 1908..J&J 121
Springfield Div., 6s, 1898...J&J 106
2d 6s. 1899.........................M&N 107% L07% Term. & inapt. 4s, 1923.....M AN lOu
Buddle Div. reg. 5s, 1921... F&A 110
B
N.Y.Elevated.—1st, 7s, 1906. J&J 110% .11% N.Y.L.E.&W.—1st ex. 7s,’97.M&N 107
«105 L07
Sterling, S .F .,5 s ,g ., 1903..A&O
2d mort. extended,5s, 1919.M&S 114
MaineCent.—Mort. 7s, 1898. ..J&J §110% 111
Sterling, gen. M.,6s, g., 1895. A&O «100 102 1
3d M. extended, 4%s, 1923..M&S 109
L13
Sterling, 5s. 1 9 0 5 ............ J&D «110
4th M., extended, 5s, 1920..A&O 113%
§Ì34%| 135
Cons.
Ohic.St.&N.O.-T.l’n,7s,’ 97 .M&N 108
§105% 106% 5th M., extended, 4s, 1928.J&D 103 103%
108
1st oon. 7s, 1897.
134%
1st cons. M., 7s, g.,1920...... M&S
5s, 1951, gold...................... J&D 115
1st cons, fundcoup.,78,1920 M&S
MÖi% ........
100
Mem. Div., 1st 4s, g., 1951J&D
106 110
Reorganizat’n 1st lien, 6s, 1908
Ind. Dec.&8p.—1st,7s,1906...A&O 125 L30 Mar’ta&N.Ga.Long Dock con. g., 6s, 1935 A&O 129
§103% 104
Ind. His. &Ia.—1st 4s, 1939...J&D 79 ........
76
114 116% New 2d oons.6s, 1 9 6 9 ......... J&D
Ind’polis& St.L.—lst,7s,1919.Var. 122 ........
Collateral Tr. 6s, 1 9 2 2 ..... .M&N 103 110
110
Indianan Un.—1st, 4%s,1926.M&N
Funded coupon 5s, 1 9 6 9 ....J&D 71%
102%>
Iad’apolis&Vin.—1st, 7s,1908.F&A 121
Gold income bonds, 6s, 1977 . . . .
2d mort.. 6s, g., guar.,1900.M&N 105
Chic. & Erie 1st 4-5s g. 1982.M&N 94% 96
58
In.&G.N.-lst, 6s,l919, cou.off.M&N 116% 116%
__ ........
Income 5s, 1 9 8 2 ................... ..I 27% ........
70% 72
2d, 4%—5s, 19 j 9....................M&S
Coal &RR.Co.—1st,63.1922.M&N]
70
28
3d, 4s, g., 1921......................M&S 27
Dock & Impt. 1st,6s, 1913...J&J
§ 56% 57
90
Iowa Cent.—1st g., 5s, 1938.. J&D 89%
N.Y. &L.Br’ch— 1st, 5s, 1931.J&D i l i "
Í
' 13% 15
FaFalls & S. C .-lst,7s,1917.A & 0 §128% 129
N.
8
2 Y. N. H. & H .lst r. 4s,1903. J&D 107 108
7
95
Jaek.T.&Key W .,lst6 g.,1917.J&J 75
Con. deb. certs, all Instalm’ t pd.. 140
70
Jefferson—1st 5e, g. Erie,1909. A&O 98
N.Y.&North’n —
1st g.5s,1927.A&0 116%
...... .... Ì
Jeff. Mad.&Ind.—1st, 7s,1906. A&O §115 117
N.Y.On.& W.—Con.5s,g.,1939. J&D 110
.... .... Ì Refunding, 1st, g., 4s, 1992.M&S 87%
2d mort., 7s, 1 9 1 0 ............ J&J §120 124
__
87%
Joliet ANo.Ind.—1st, 7s, 1907. J&J 125
N.
121% .... î Y. & N. Eng.—1st, 7s, 1905.J&J 116
Mich. Cen.
78
£anaw. & Mich., 1st 4 g.,1990. A&O 77
111-4
106%
1st M., 6s, 1905..................... J&J
100
Kansas C. Belt, 1st, 6s, 1916.. J&J
2d m.,6s, 1902....................... F&A eÏ03 103%
117
73
■ran. C.Clinton & Spr.—1st,5s,1925 § 70
114 .... I . Y. Pa. & O.—Prior lien, 6s, 1895 fl0 3 108
Pleas. Hill & De Soto, 1st, 7s, 1907 §104 108
15
do
1st 7s, 1905............. e 14
103 ........
K.C.F.Sc.&Mem.—
lst,6s,1928.M&N § 88% 89
3
2d mort. inc., 5s, 1 9 1 0 ........... c 2
........
96
K.C.&M.Ry & B r.lst 5 g,1929.A&0 § 95
1%
3d mort. inc., 5s, 1 9 1 5 ................
§........ ........
70
Current River, 1st, 5s, 1927. A&O $ 6 5
99
Equip. Trust., 5s,1908.........M&N 6 97
Bridge 8s, 1903.
K.O.Ft.Soott& G.—1st,7s,1908 J&D §110 111
101% 102%
N.Y. Phil. & Nor.—1st, 1923 ..J&J
81
> e 78
54%
Kan, c.M . & B.—1st, 2s, 1934.M&S 54
Income 6s, 19 3 3.... ........A & O
§ 97
80
Bir., equip., 6 g.,gu., 1903... M&S 75
88 ........ N. Y. Prov.& Boston 43,1942. A&O
K.C.St.Jos.&C.B.—M. 7s,1907 J&J §122% 122%
109
N.Y.S.&W.-lst refnd.,5s,1937. J &J
1
§ .... 90
Midland of Indiana 5s.
§105 106
2d mort., 4 *3 8 ,1 9 3 7 .......-.F&A
88 %
I 130
Mil. Lake Sh. & W.—6s, 1
96
96
Gen. m. 5s, g, 1 9 4 0 ......... F&A
105 108
94 ........
lfan. 0. Union Term. 5s—
Term. 1st, g., 5s, 1 9 4 3 ......M&N 108
1 110
»Tan, (j. Pitts. & Gulf 1st 5s... A&O
Midl’d of N. J.—1st,6s,1910. A&O 117% 121%
J 128 180
82% ........
Ken. Cent. Ry.—Gold 4s, 198
“
97
Wi kesb.& Eaat.lst 5s, 1942.J&D 93
3 126 130
Norf.&Soutii.— 1st g., 5s,1941.M&N 104%
r ........ ........ ]
96% 100%
Newb’g Dutoh.& Conn.—Inos.1977
St. P. E. & Gr. Tr’k, 1st, guar., 6s . 112 ........ ;
69 ........
> 118% ........ Nor. & West—Gen., 6s, 1931.M&N 120
110
} 119% ...... New River 1st 6s, 1 9 3 2 .... .A&O
65
60
Impr. & Exten., 6s, 1 9 3 4 ....F&A ;107* 109
) 132%
113% Minn. & St. L.
105 109
Adjustment 7s, 1924......Q —M.
) 123 L25
103% 104
L70
Equipment, 5s, 1908 . .. . .. . . ¿ v i > . 78
T
Lake Shore & Mich. So,—
80
Clinch V .D ., 1st 5s, 1957....M&8 5 76
1 168 175
...
110%
70
75
Md. & W. Div. 1st 5s, 1941..J&J
1 .... 120
Pacifie Ext., 1st, 6s, 1921.
125
75
J ........ ..... Roan. &<3o.lstg.gu.5s,1922. M&S
i 112% ......
Col.Conn.&Term. Ist5s,g.’22. J& J
98
J e 93
120 120%
So. Side, Va.. ext. 5-6s.......... 1900 102
ß ......
125% . . . . . .
do eons., op.,2d,7s, 1903
do
2dM .,ext. 5-6S....1900 102
99
j e 97
114
Mahon. Coal RR. 1st,5s,193
do
3d M.. 6s, ’96-1900.J&J 105
) .... 82%
Mo.Kan.&T.112
Kal.A.& Gr.R.—1st 5s, 193
47
Va.& Tenn., 4th M.,8s, 1900. J&J 115% 118
L ....
66%
66
Lake St. El. (Ohio.),5s, 1928.
do
extended 5s,1900. J &J 102
s .... 77
r
Leav.Top.&S.W.—1st ,4s,191
65
68
72%
100-year mort. 5s, 1 9 9 0 ---- .J&J
L 67
111% Kans. C. & Pao. 1st 4s. g.
in
do
Nos. above 10,000....
» ........ 85
T
»«105 107
North. Pac. Coast 1st6 s......M & N 101
90
J 80
132%
) .... 83% North Penn.—1st,7s, 1896....M&N 103%
» ........ 124% Mo. Kan. &E. ,1st 5s,¡
Gen. mort., 78,1903 .........J & J 124 126
96%
N 96
W Leh.V.Ry,lst 4%s, g., 1940,ree.gu T r- T 104
110
Northeast.,8.C.—1st M.,8s,’99,M&S
N 108
Leh.V.Ter.—Ist,g.gu.5s.l941 * ° f » 109 . . . . .
109
2d mort.. 8s, 1899...........M & S
S 85%
........ 109% Trust gold, I
Consol, gold, 6s, 1933. ......J & J 103 105
A .... ......
•§........
106
Northern, Cal.—1st, 6s, 1907..J&J
A ....
i ¡113
90
Consol. 5s, 1938........ ........A & O
A 100% ïdi
: § 82% 82%
L. Rook & Ft.S.Northern Cent.—4%s, 1925..A&O
J 106% 108
3 37% 40
2d mort., 6s,1900.. .........A & O 109
S .... .....a
109% 113
J .... ...... Con. mort.,6s, g.,coup., 1900.J&J 110
r 117 __
Mort. hds., 5s, 1926, series A J&J 113
A 102% 103
> 97% 98
do
series B ....................... 112 %
N 105% 106
99
3 98
Cons. M. 6s., 1 9 0 4 ............J& J
D 102
Con. mort, stg. 6s, g .,1904...J&J eiÖ7 110
D 102% Ï05
No.Sh. Br. 1st con.5s,g.,1932.Q- J ........ 107
Union RR.—1st, 6s, end. Cant.,’95
O 80% 81
3 ........
30
Nor.Pacific—Gen., 6s, 1921....J&J Ï Ï 5 ”
J 20
3 37% 43
Gen. land gr.,2d, 6s, 1933...A&O 88% 89%
D 116 119%
r 103% 107
62
Gen. land gr., 3d, 6s, 1937...J&D 61
J 110
5 95% 101
Trust receipts................ . —
S 667 67
e
3 106%
29
29%
Con. L. G., g. 5s, 1983 . . . . . . J&D
J ......
3 107% . . . . . .
40
Dividend scrip ext. 6s, 1907.J&J 35
J 100
) 106%
78% 78%
CoL ls tg . notes 6s, 1898...M&N
J 112 116
ï ........
Pen D’Oreille Div., 6s, 1919..M&S
124%
0 123
) §102 102%
Mo. Div. 6s, 1919 .............. M&N
N 142% 144
Morris &Essex99
j f 98
James Riv.Val.—lst,g.,6s,’36J&J
J 116
2d mort.,2 -6a, g., 1936.
82
Spokane & Pal.,1st 6s, 1936.M&N
O 1185(
43
j ? 40
Helena* Red Mt.lst,6s,1937M&8
D 142%
Dul. & Man., 1st, 6s, 1 9 3 6 ...J&J 81
A §105% 106
Nashua & LowellS 109 113
Dak. Ext., 1st, s.f. 6s, 1937.J&D 81
J 133 135
Nash.Chat.&S.L.—
3 109
36
rr m
nm
sJ ... .nm No.Pac.& Mon., 1st,6s, 1938. M&S 35
J 119% ......
Coeur d’A l.,lst,g-, 6s, 1916.M&8
0 ...
J ........
It D
do
2d V )
do Gen. 1st g.,6s, 1938...A&O
j 103
1st 6s, T. & P. Bob.
1 115
B. H. & N., 1st 6s, 1919.
Cent.Wash’n, 1st g.6s.l938.M&8
J 108
) 118% 120
42
Ch. & No. Pao. eon. 5g.l940.A & 0
J 108
---■t
J §105 105%
98%
North.P. Ter. Co.—1st, 6s, ’33.J&J 97
8 §113% 115
D §123 124
A §109 ...... N. W. Gr. Trunk 1st, 6s, 1910..J&J §103%
> «117 120
Norw’h &Wor.—1st M., 6s.’97. .M&8 §104 106
¡J $110
4 el07 110
Ogd.& L. Cham.—
Cons.6s,1920. A&O §101% 102
O 51L8%
3 107
12% 15
Income,6s, 1 9 2 0 ......... . . . . . . . .
A 102 104
3 . . . . . ........
N §110 ........ Ohio I. & W.—1st pfd. 5s, 1938.. Q-J 100
3 ....... . . . . . .
do
Ind. B1.&W.—1st, pf.,7s, 1900.. 110
.T § ...
J 113% 116
tJ 103% .... O. & Miss.—Cons., s.f., 7s,1898. J&J 110% ILO %
N. J.Sou.e ll3 115
Cons.mort., 7s, 1 8 9 8 .......J&J 110 110%
5 11J ......
H 102 103
2d oonsol. mort., 7s, 1911...A&O 118
N e ll8 120
V ....... 100
lst.Springf. Div., 7s, 1905..M&N 109
J 127% 128
Unified 4s, g., 1940..
J 78% 78%
8 103% 103% Ohio River RR.—1st, 5s, 1936.J&D 100
i 98%
8 0 ''
Gen. gold, 5s, 1937---- ......A & O
S 108 109
do
V 103% . . . . .
99
Ohio Southern—1st 6s, 1921.. .J&D 98
D 104 105
do
D 101 110
51
50
Gem. M. 4s, 1921...,..... .....M & N
.. 102¡* 103% Ohio Valley—Gen. M...rig.,1938.J&J
95
A 92
50
120
cJ e il8
A ....... 90%

Pricenominal.




§ Pure laser also pays accrued interest,

a la London,

1 Coupon off,
1

t In Amsterdam.

la Frankfort, Germany

N o v em ber 17,1894.]

THE CHRONICLE

GENERAL QUOTATIONS OF STOCKS AND
_______ F o r E x p la n a t io n « See N otes a t H e a d

871
BONDS—

C o n t in u e d .

o f F ir s t P a g e o f Q u o ta tio n s .

R a il r o a d B o n d s .
Bid. Ask.
R a il r o a d B o n d s
Bid. Ask.
R a il r o a d a n d m is c e l . B o n d s .
Bid. Ask.
104%
Old Colony—6s, 1896.............M&S
N 1121 ........ Union Pacific—(Continued.)
*
108
4%s, 1904...............................A&O
A .......
Ore. 8hort-L. & U. N. Con............
45
47
103
....J& D
4%s, 1897............
J
96
98%
Collat. Trust 5s, 1919 ....M &S 30
106
4s, 1938................................... J&J
A .......
Oregon Short-L., 6s. 1922 .. F&A 86% 8©%>
B. C. F. & N. B., 5s, 1910 ..J&J
116
J
85
86
Utah South.—Gen.,7s,1909..J&J 83
Omaha & St. L. -1st, 4s, 1937. .J&J
0
67
71
do Ext, 1st,7s,1909 J&J 83
90
Omaha Str. Ry—1st, con g. 58.1914
"98%
J 40
Utah & Nor.—1st M. 7s,1908. J&J 100
90
Oreg.&Cal.—1st 5s, 1927........ J&J
J
60
Gold 5s, 1926.......
J&J 50
Oreg. R’y &Nav.—1st 6s, 1909.J&J 103% 110
9 85
U.P.Den.&Gulf con.,5.g.,1939. J&D 39
40
Con.M.5s, 1925.................... J&D 71%
3 .......
U. &B1. R.—Con. 4s, g, 1922..J&J 103
Collateral trust { s, 1919_ M&B
_
D
50 ......... Utica Clin.&Bing.lst 5,1939...J&J §112 114
Osw.&Rome—IstM ., 7s, 1915.M&N §133% 137%
- .........
Valley of Ohio—1st 7s, 1906... J&D 100 105
2d. g. 5s. guar., 1915........... F&A 108
St. L. W. &W., 6s, 1919.
S U 02
Con. 6s, 1921.......
M&S
Pad. Ten. & Ala.—1st 5s, 1920. J&J
N 60% 61
Ver. & Mass.—Guar. 5s, 1903.M&N §106% 106%»
Panama—Sterl’gM., 7s. g. ’ 97.A&0 el03 108
2d, <
J
19% 20
Va. Midl’d.—lstser., 6s, 1906.M&S
Subsidy honds, 6s, 1910___MAN
105
St. L .s
J 108
2d series, 6s. 1911................ M&S 115% 117
Penn. RR.—Gen. M, 6s, c, 1910. J&J 130%
S 105 108%
Sdseries, 6s, 1 9 1 6 ........ ....M&S 109%
Gen. M. 6s, £ c, 1910........... J&J el29 131
V ......... 108%
4th series, 3-4-5s, 1921........ M&S
Cons. M., 6s,cp.,’05.J. 15 &D. 15
4 112
5th series, 5s, 1926...............M&S 101%
Cons. M. 6s, £ do
do
e ll9 121
:> 103
General 5s, 1 9 3 6 ..,............. M&N
97
Consol. 5s, op., 1 9 1 9 . . . .___M&S 115% 116 St.P.Minn.&Man.I 110
Wabash—1st gold 5s, 1939. .M&N 104 104%
Cons. 4, g., 1943 .................. M&N el09 110
3 ......... 119
2d gold 5s, 1939....................F&A 70% 71
Collateral trust, 4%s, 1913.. J&D
Dak. Ext.. 6s. 1 9 1 0 ...
* ........ 118%
Deb. mort., series B, 19 3 9...J&J 22
24%
Equip. Tr. 4s, series A..........Q—F el 03 107
J 119
Det. & Chic. Ext.,1st,g.,1941. J&J ... ... 99%,
R. E.pur.money 1st 4s,1923.M&N 102
J 101%
8t.L.K.C.&N. (r.est.& R.),7s.M&8 104% ... ...
Penn. Co., 6s, coup., 1907..Q.—J 105%
3 85% 86
do St. Cha’s Bridge 6s, 1908
Penn. Co. 1st M.,4%s, 1921,..J&J 110 % 111
J .........
do No. Mo., 1st, 1 8 9 5...J&J 105
Fenn.&N.li Can.—1st. 7 s,’ 96.J&D 106% 107%
I 115
West End El. 5s, 1902.............. M&N §103% 103%
lstm ort., 7s, 1906................ J&D 126 128
r ii3
Ì15
4%s, 1914.................. ........... M&S §101 101%,
& RR. consol. 4s, 1939.......... A&O 95 100
r ........ 102
W. Jersey & At. 1st M.,6sl910M<fcS 105
Peo. Dec. & Ev.—1st, 6s, 1920.J&J 94% 100
) 100
West Jersey—1st, 6s, 1896.......J&J 103
26
2d mortgage, 5s, 1926..........M&N
28
> 100 104
IstM.,7s, 1899......................A&O 111
Evansville Div.,1st 6S.1920.M&8 94
117
West Shore—Guar. 4s, 23 6 1...J&J 106 106%
Peo.& Pekin U r. —
1st,6s,1921.0—F 109%
r 57% 58% WestVa.C.&Pitts.—1st,6s, 1911 J&J 105%
.m
n
2d mort.. 4%s, 1921............M&N 64%
f. ......... 65
West. Va.&Pitts.—lst5s,1990. A&O ellO 112
Perkiomen—1st ser. 5s, 1918.Q—
J
r 87 h!
West. N.Y. &Penn—1at.5s,1937J &J 104
2d series 5s, 1918/.............Q .—J
J 118
25%,
2d m., 3s g.—5s sc. 1927....A & 0
Petersburg -Class A , 5s, 1926.J&J 108%
r 49
52
Warren & Frank., 1st,7s,’96 F&A
Class B, 6s, 1926.................. A&O 111 % 112 % Sav. Fl. & W.) 111 114
West’n No. Car-Con. 6s, 1914.J&J 114% 114%»
Phila.& E.-Gen.guar. ,6s,g.,’ 20. J&J
1 104
W.Penn.—Pitts.Br., 1st 6s,’96.J&J 103% 104%
General 5s, 1920.................. A&O 117%
r 106 107
Gold 4s, 1928......................... J&D 101%
General 4s, 1920............ ....A&O 100 %
105% 106% W heeling*L. Erie—1st,5s,...1926
103
Sunb. & Erie—1st, 7s, 1897.. A&O
72
75
96%,
Wheel.Div., 1st, 5s, 1928....J& J
Phil. & Read.—2d 5s, g., 1933. A&O 117
Seaboard & Roam........
Extens. and Imp. 5s, 1930..F&A
1st, 6s, 1910............................J&J 126
......... 102%
Consol. 4s, 1 9 9 2 .......... ....J & J
Consol.M.,7s,1911, reg.& op. J&D 130%
Seat. L.S.& E.—Trust receipts.
45
49
Wilm. Col. & Aug., 6s, 1910 ..J&D 115
Consol, mort., 6s, 1911........ J&D
121
Sham. Sun.&L.—2d. 6s,g.l955
100 ......... Wilm. & Weldon—7s, g., 1896.. J&J 105
Improvement mort.,6s, ’ 97.A&O 104
Sham. V.& Potts.—7s, cou. 190]
.........
5s, 1935...................... ........... J&J 110
Cons. 5s, 1st series,1922....M&N 100 101
.........
28
Winona&S. W.—I st, 6 s,g.,1928.A&O
Deferred income 6 s .................
r ......... 95
Wiscon. Cent.Co.—lst,5s!937.J&J 56% 57
New gen. more., 4s, 1958.... J&J 77% 78
So. Car.&Ga.—1st, g, 5s. 1919.M&Ï
96% 97%
9%
Incomes, non-cum., 5s, 1 9 3 7.....
9%,
1st pref. inc., 5s, gold, 1958.... F 30%
So. Cen. (N.Y.)—Consol, mort., 5s.
20
Wore.Nash. & R.—4s, 1930....J&J
2d pref. ino., 5s, gold, 1958___F 20 %
Southern—1st, con. g. 5s, 1994 J&J
88
88% M IS C E L L A N E O U S B O N O S.
3d pref. inc., 5s, gold, 1958. ...F
16
East Tenn. lien 4-5s, 1933
M É 82%
&
Amer.BellTeleph’e—7s, 1898.F&A § m % 112
Term. 5s, gold, guar., 1941.Q.—F
So. Pao.,Ariz.—1st,6s,1909-10. J&.
92
93
Am. Cot. Oil—M. g. 8s, 1 9 9 0 ..Q -F 113 115
Phil. Read. & N. E.—4s, 1942..
» 108
American Deb.Co., col. tr. 5s, 1903
• a
—■
Incomes, Class A........1952...
• ......... 92% Amer. Steamship—6s, 1896... A&O 101%
Phil.W. & Balt.—Deb.4s, 1917A&0
90
B. & S.Car Co.—1st, g. 6s, 1942. J&J § ---- ;. 103
6s, 1900................................. A&O §109% 109%
Aust.&Norw.89
Boston & Mon.—7s, 1902-07..M&N §101% 102
5s, 1910................................. J&D §110 110%
90
91
Bost. Un. Gas—5s, 1939,tr.rec.J&J 82% 83
Trust certs. 4s, 1921............. J&J 103%
100
Ches. &Del. Cam—1st 5s,1916. J&J 51
Pled. & Cumb.—1st, 5s, 1911.F&A 98 100 Spok.Falls &N.—1st 6s,g.,193
§......... Too
Chic. Gas L. & C.—g. 5s, 1937..J&J 92
93
Pine Creek gu. 6s, reg., 1932..J&D 120
State D. & Sul.—1st 6s, 1899.
102
Chic. June. col. g. 5s, 1915___J&J 106 107
Pit.C.C.&St.D.oon.4%8 A,1940A&O 104%
Staten Island Ry.—Gold 4%s
§ ......... 103
Colorado Coal & I—6s, 1900.. .F&A
96
Cons. 4%s, series B, 1942...A&O 104 105
Stat. Isl. R. Tr.—lst6s,g.,191c
» 110 __ Col. C. & I.Devel.gu.5s,g.,1909. J&J
•m r
•mn
m
Con. 4%s, series, C, 1942...M&N
2d mort. guar. 5s, g., 1926.
......... 95
Col.&Hock.C’l&l’n—g.6s, 1917. J&J ...... 90
Pitt8b.C.& St.D.—1st, 7s, 1900.F&A 115% 116% Sonb.Haz.&W-B.—lsr,5s,192i
104
5%
Comst’k Tun.—1st in. 4s,1919.M&N
8
Pittsb.Cl.&Tol.—1st, 6s, 1922. A&O 111 114
......... 102
Consol. Gas, Balt.—6s, 1910. .J&J 117%
Pittsb.&Con’llsv.—lstM.7s,’98.J&J 111 %
102
Consol. 5s, 1939.....................J&J 106
«.
Sterling eons. M. 6s, g., guar.J&J el 30 132
§108 . . . __ Oonsolid. Coal—Conv. 6s,1897.J&J ...... _n
<
|
Pittsb.Ft.W. & C. 1st,7»,1912 Var 139
i ......... 130
Consum.Gas.Chic.—1st, g. 5s.l936 85
86
2d mort., 7s. 19*2................. Var 134
Debard. a & I.—gu. 6s, 1910 .F&A
3dm ort.,7s,1912.................A&O 130
102% 103% Denv.City Water Co. 5s,g.’ 10.M&N
Pittsb. June. 1st 6s, 1922........ J&J 113
112 115
Denver Con. Gas ist 6s, g . . . 1911 § 97% 100~
2d 5s, 1922............................ J&J 100
Ter.H.& P.—1st,5s,
i ......
Detr.Gas.—oon,lst,g.5s.l918.F&A
Pittsb. & Lake E.—2d,5s,1928 A&O 102
Terre H. & Log’pt.107
EdisonEleo, 111. Co.—1st, 5 s ... 1910 107% 108
Pittsb. McK.& Y.—1st,6s, 1932. J&J 130
105 . . . . . . Eq.G’s&F.,Chic—lstg.6s,1905.J&J
2d 6s, 1934............................. J&J 125
......
General Elec. deb. 5s, 19 2 2...J&D
91%
MeK. &B. Ver.lst6s,g.,1918..T&J 122
1 105%
Gr’d Riv.Cl.&C.—1st g.6s,’ 19 A&O
Pitts.Pain. &F.—lst,g. ,ds, 1916J&J
92
Hecker-Jones-Jewell Mill’g 1st, 6s. 105 106
Pitts.8hen.& L. E .lst 5s,1940. A&O ...... 83
110 115
Henderson Bridge—6s, 1931. .M&S 110 110%
Pittsb. & West.—1st, 4s, 1917. J&J
82
89% 90
Hoboken L. & Imp. 5s, 1910..M&N
Mortgage 5,1891-1941.....M&N
80
26% 27
Id. Steel C o.-D eb. 5s. 1910. J&J 83
Pitts. Y. <s Ash.—1st,5s, 1927.M&N 102
119 119% Indianapolis Gas 1st 6s, 1920.M&N 100 101
Ashtabula & Pitts.—1st 6s, 1908. 314
70
72
Iron Steamboat Co.—6s, 1901. J&J 62
Portl’nd&Ogb’g—lst6s,g.,1900J&J §109 112
84% 87
Laclede Gas, St. L.—5s, 1919.. Q—F 90%
Port Royal & Aug.—1st, 6s, ’99. J&J
Tol. A. A. & Lake Mich.—1st 6s ..
59
61
Lehigh C.&Nav.—M.4%s, 1914. Q—J 110%
Ports.Gt. F.&Con.—4%s, 1937. J&D §109% 110
......... 74
RR. 6s, 1897......................... Q—F 104%
Potomac Val.lstgu.5s,g.,1941. J&J §........
83
8S
Mort. 6s, 1897..................15 J&D 109% 110
Pres. &Ariz.C.—1stg.6s,1916.J&J
55
37%
Consol, mort. 7s, 1911........ J.&D 133%
Prov. & Worces —1st 6s,1897.A&O 5105% 107
110%
Gen. mort. 4%s, 1 9 2 4 .......Q —F 104%
Raleigh & Gaston—8s, 1898...J&J 110 114
103
Mut.UmTel.—Skg.fd.6s,1911.M&N lu8
Ren.&S’toga—1st 78,1921 cou.M&N 142%
Tol. & O. C. Ext.—1st, 5s, g., 1938
15
25
93
Nat. Linseed Oil beb. 6s, 1904
Kich.& Dan.—Gen.m., 6s* 1915 J&J 119% 120%
Do do guar................. ..............
Nat.St’rchMf.Co.-l8t,g.es,’20.M&N 94
95
Debenture, 5s, 1927............. A&O 102
Marietta Min., 1st, 6s, g., 1915
35
New Eng. Telephone, 6s,1908.A&0 §108% 108%
Con. g. 5s, 1936,trust certs. A&O 87
Tol.Peoria&W.—lst,4s,1917....J&J 72% 75
25
New Orleans Pac.—Land grants...
Equip. M. s. f. 5s, 1909........ M&S
94
Tol. 8t.L.&K.C.,lst,6s,1916...J&D
60
67
N.Y. & E.Riv. Gas 1st 5s, 1944J&J 84% 85%
Wash. O. & W 1st gu.4s,’24.F&A 78
Ulster & Del. oon., 5,1928___J&D 103%
Northw’n Telegraph—7s,1904. J&J 108
Rich. & Petersb., 6s, 1915....M&N
United Co’sN.J—Gen.6s,1901.M&8 114% 116% Oregon Imp. Co.—1st 6s, 1910. J&D 102 % 103
Rich. Y.R. & Ches., lst5sl910.J&J
do
gen. g. 4s, 1944..M&S 110 L10%
Consol. 5s, 1939............... ...A&O 55
56
2d mort., 4%s, 1910............. M&N
do
gen. 48,1923........ F&A 105
Penn. Canal—6s, 1910..............J&J 59% 6 0 %
Rich. &West Pt.Ter., 6s,tr.rec.F&A
67%
do
gen. 4s, 1929.........M&S 108% 109% Penn. Steel—1st 5s, 1917.......M&N
Con.eol.trust, 1st, 5s, tr.rec.M&S 30
33
sterling 6s, 1901.................. M&S
Rio Grande West., 1st 4s,1939. J&J 70% 70% Union Pacific—1st, 6s, g, ’ 96. .J&J Ì06% 116% People’s G.&C.Ch.-lst,6, g. ’04.M&N
2d
do
1904................J&D 105
Rio Gr’deJunc.lstgu.5s,1939. J&D 85
90
1st, 6 s , 1897...............7.......... J & J 106% 106%
1st oon. 6s, g., 1943............. A&O
90%
Rio Gr. South.—1st, 5s, 1940.J&J
1st, 6 s , 1898............................ J & J 107%
Peoria Water Co. 6s, g., 1919.M&N
Roch. St. Ry.—1st 5s, 1930.......... . § 98 Too"
1st, 6 s , 1899............................ J & J 108%
Pleas. Val. Coallst6sg.l940.M &N
Rome W.&O.—Con.,ex.5s,’22.A&0 116%
Om. Bridge, sterl. 8s, g., ’ 96. A&O
L12
Proctor & Gamble 1st 6s, 1940.... 112
Rutland—1st M., 6s, 1902....M&N § 110% 110% Collateral trust, 6s, 19 0 8 ___J&J el08
83
St.L.B’dge&Tun.—Ist7s,1928.A&O el28 131
Equipment, 2d 5s, 1898.......F&A §101 101%
Collateral trust, 5s ,1907___J&D 65
Sunday Creek Coal—1st, g., 6s___
99
•t. Jo. & Gr. Isl’d—1st,guar.6s,1925.
63
Collateral trust 4%s,1918..M&N 33
42
76
TenmO.I.&R.—T.dv.lst6s,’ 17A&0
80
2d mort., ino , 5s, 1925, coup, off
Gold 6s col. t’st notes, 1894.F&A 87
90
Bir. div. 1st con. 6s, 1917....J&J
81
_ Kan. C. & Om. 1st 5s. 1927..J&J
Ext. s. f., g „ 8s, 1899............M&S 98% 88% U. S. Cordage 1st col. 6s, 1924..J&J 71
71%
Bt.L. Alt. &T.H.—Div.bonds, 1894 86
Equipment Trust 5s..............A&O
U.S.L’th Co. S.f.deb.6sg.l915.M&N 109 110
Beiiev.& s.m .,ist,8.F.8s,’96.A&o 106
Kans. Pao., 1st, 6s, 1895___F&A i ’0 4%
W’n Un.—Deb. 7s, 1875-1900.M&N 110
Bellev.& Car., 1st 6s, 1923..J&D
do 1st M., 6s, 1896.......J&D 106
Deben. 7s, 1884-1900..........M&N 110
ChSt JL.&Pad.,1st, g., 5s, 1917..
do Den. Ext., 6s,1899.M&N 106%
_,
Collat. trust cur. 5s, 1938....J&J 107
St. L South., 1st, 4s, 1931..M&S
do 1st oons. M.,6s,1919 M&N 79
80
Wh.L.E.& P.Coallst g.5s,1919. JdsJ 70
75
do 2d, income 5s, 1 9 3 1 ..M&S
Oen.Br.U.P—A.&P.P.6s,’9o M&N 95
S T O C K S —R A I L R O A D . Par.
Carb.&Shaw., 1st g.4s,1932.M&S
Fund, coupon 7s, 1895 ...M&N
93
Ala. Gt. South.—A., 6s, pref.,..£10 e 8%
8%,
St. L. & Ch. 1st 6s, 1927..........J&J .........
Atch.Ool. & P.,lst,6s,1905Q.—F 38
45
B, com m on ............................ jeiO e 2
2%
t.L.Mer.Bdg.Ter. Ist5s, 1930. A SO § . .....
At.J.Co.& W.,lst,6s,1905.Q,—F
40
Ala. N. O. & Pao., &c., A, pref.£10 e
%
%
Mereh. Bdge. 6s, 1929........F & \ l§.....
Lin. & C.. 1st. g.,58’ 18___.A&O
43
do
do
B. def..£10 e 3ta
6f
------- =------ e
Price nomina




chaser also pays accrued interest, e In London. I Coupon off. i Price per sh ire. t In Amsterdam

JIu Francfort

bSB»

Ws

872

THE CHRONICLE,
USNïïi*A.Li QUOTATIONS OF STOCKS AND

[ Y o l , D IX ,

BONDS— C o n t in u e d .

F o r E x p la n a t io n s See N o tes a t H e a d o f F ir s t P a g e o f Q u o ta tio n s .

Bid.

Ask.

R ailroad Stocks.
Bid. Ask.
Misoel. Stocks.
Bid. Ask.
Misoel. Stocks .
Bid. Ask.
.... ClUnois Central...100 91
Sc. Jos.* G’d Isl’ d.lOO
93
5
Standard Gas.pf.100
82
1(5
do leased l.,4p.c. 100 95
.
97% S kLouis Alt.&T. H. 100 36
33
L75
Philadelphia Co___50 s
^........
5%
7%
5%
8
_ St. Louis. Laclede, too 19
92% 93
do
pref . . .100 25% 26% St.Louis Southern.100 96
7
92
8
4%
5%,
78
1
do
Pref. 100
22
1% K. C. Sub. Belt... 100
9% 10
San Francisco*Gas ...
72*4
£,an.O.Ft.S.<fcalem.lOO 15
Sc. L. Van. < T.H.100
&
16
45
69% 'Can.C.Ft.S.* G.pf.100 64% 65
68
Sc. Paul & Duluth. 100 21 % 26
N .Y . A B t t ’ K L Y N
127 131
HTOR.SI3 R R C
85
87
110 111
Kan.C.Cl’n * Sp’d.100
Sc. P.Mmn. & Man. 100 107 n o
Local Securities in
5
16%
do
pref.. 100 13
Shore Line............. 100 sl72
16
eoccept 3d o f month.
9 Keokuk <feWest’n..lOO
TELECR4 PH
93
95
Kings Co. Elevated...
5
92
90
130
<ake Lcie & W__ 100
20
17% 18 Souchern Pao. Co.. 100 19
Cent. & So. Am. Cable 103 105
2 Q6 207
do
Pref. 100 72% 73
Southern(when issu’ d) 12 % 12 % Commer’l Cable Co 100
39
196 196% L. Sh. & Mich. So.. 100 137 138
d • pref.
do
3 9 % Franklin.............. 100 ”3 5 " 40
1531* 154
jehigh Valley........ 50 8 35
36
S’west., Ga., g’d. 7.100 75
78
Gold & Stock___ 100 103 105
149 150
Little Miami............50 170% 172
State Line & Sull.....’ 0 S---- 15
Internat. Ocean Tel... 103 105
Little Schu’k’l . . . . . . 50
8 4%
IOOI4
200
259 260
Long Island............ 50 86
Sunb’ry & Lewist’n.50 s 70
83
_
Northwest, gaar_ 50 104 _
74
82
12
13
75
65
8 % 10
uourEvans.&St. L.100
13% 15%
50
55
13% 15%
25
30
do
Pref. 100
90
85
65
68
10 % Western U nion.... 100 89
Lomsv. & N a sh v..l 00 55% 55% Texas & Pacific. .* 100 10
89%
20
L. N. A. & Chicago. 100
4%
5 1 TELEPH ONE.
Tol. Ann Arbor & N.M
7
8
. . . . .. 60
do
pref. 100 21
Tol. & Ohio Cent’1.100 46
54
24
American B e ll.. .. 100 196% 197
€6
68
Louis. St. L.& Tex.100
do
Pref... 100 75
80 1 Erie........................100
1%
521g 52 %
49
1
Louisville South’n.100
6
2 %!
Tol.St.L.* K.City.. 100
401$
s 10
Mahoning Coal RR.50 101
6
do
pref.. 100
8
75c. 80c.
s 30
106
97% 98 H
i
5114 51% Maine Central___IOC 120 i '21
U. N.J. RR <sC. Co.100
237%
67
61
61% \fan. & Law’ce___100 x232 240
Union Pacific........1 00
12 % 13% Tropical..................10
4% Manhattan, con... 100 104% 104% Un. Pac. Den. & G. 100
8........
4%
5
1st pf..50 « 50
51% Massawippi..........100 124% 125
do
T R f l S T fJO’ S
do
8 48
Mexican Central ..10c
141% 142
7%
6%
205 220
5
6
Mexican Nat., T. R. 100
6 % 7% Brooklyn Trust ...IOC 395
Wabash R R ........ 100
2
rr_ . .
Michigan Cent___100 99% 100 %
do
pref.. 100 14% 15
1000 1015
11% 11 % Mine Hill & 8 . H ....50 s 6 8 % 70
Warr’n(N.J .)J’s’d,7.50 155
Continental..........100 160 165
491* 50
do
pre:
Minn.* St.L, t. rec.100 29
30% West End (Bost.)...50 s 56% 57
Farmers’ Loan & Tr.2f 700 730
95
96
Cent, oí N.J.......
Pref., trust reo . 100 45
46
do. pref. (Bos.) 50 s 84% 81% Franklin.............. 100 230 235
8 49% 50 Min. St.P.&S.S. M.. 100
West Jersey......... ..50 8 55
190 194
8........
do
do
p ref.... 100
s 20%
90
14% 14%
15is 16% Mo. Kan. & T.............
8 9
12
250 260
26
fil«
23%
23
181
19% 19% Missouri Pacific... 100 28% 29% Wheel. & L. E.......100
Ches. & Ohio.
12
12 m Long Island. . . . . . 100 210 225
142 145
20
Mobile & Ohio.......100
19
do
pref. 100 41** 43
Manhattan.............. 30 120 130
74% 74% Morris &E’x, gu.,7.50 162
Wil. Columbia & A. 100
330
. ...
Nash.Chat. & St. L.100 66
70
96
Wilm. & Weldon, 7.100 91
Metropolitan .. ..IOO 285 290
Nash. & D ecatur...25
do
4
5
135 145
. . . . . . Nashua & L ow ell..100 xÏ09 212
do
Pref. 100
SO N. Y. Guar. & Ind. 100 320
5 per cent pref. A.
Ì18% 119
680
625g 62% N’squehoning Vall’y50 s 55
N. Y.Securlty & Tr.100 245
do
New H’n &North..l00 s 93%
12014 121
C O A L A M IN IN G
Peoples’ , BrooklynlOO 235 245
102 102 % New London Nor.. 100 195 __
Real Estate L.& T.100 160 165
S T O C K S , N .Y .
........
do pref., 7
N. Y.Cent.& H.Riv.100 99% 1 (0
88
200 205
Chic. & Nor. Pac
i*
1 % N.Y.Ch.&St.L.newlOO
8
14% 15
10
Col. C. &I. Devel-.lOO
Title Guaran. & Trust 175 176
Chic. R. 1. & Pac.
631a 63%
do
1st pref. 100
69
Col. F u el* Iro n ...100 24% 25% U n io n ................. 100 650 700
35
36
do
2 d pref. 100 29
31
do
Pref.. 100 72
United states........ 100 840 850
110 112
do
6
N. Y. & Harlem ....5 0
7
lbO 163%
12
16
N.Y.Laek.&West...l00 116% 118
Consol.Coalof Md.100 31% 33
Washington ......1 0 0 185 190
Chic. Ob. & * u lf .....
N. Y.L.Erie* West.100 14% 14% Homestake Min’g.100 ,17
18% MISC’ LLAIVEO CS
170 2 C0
do
Pref. 100
ST O C K S .
2 i*
Cin. Jack. & M ack...
3% N. Y. & N.E. 4th pd.100 32% 32% Maryi d Coal, pref.100 4.5
60
Adams Express...100 147 149
........ 32%
do P f.$ 2 5p d ....l0 0 64% 65
50
Minnesota Iron.... 100
Am. Bank Note Co..50 47% 50
X 54
Cm. Sand. & C.pf.
56
N .r.N H.&Marti.ICO 194 197
9 Am. Cotton Oil___100
7
New Central Coal. 100
28% 28%
1 19 ........ N.Y. Ont. & West.. 100 16% 16% Ontario Sil. Min’g.100
74
8
do
pref .100
73
60c. 65c. N. Y. Pa. & O ..............
American Expres.100 111 115
% Pennsylvania Coal.50 275 325
%
do
1
334
3%
.lo
pref____
2%
%
%j
38
N. Y. Phil. & Norf.100
39
15
do
Dref.100
Amer.Sug.Ref,Co........
88% 88%
........
do
pref.l
15% 16
15% 16%
93% 94
01. & Pitt.,guar., 7.
158
do
Pref. 100 44
44%
American T ob.C o..50 99% 100
do
uref.100
181* 19
Norf. & Sou...........100
64
do
pref.. 100 108% 110
E L E C T R IC .
til
Pref.........................
67
Norf.&West,, com .100
7
35
7%
30
183 185
do
pref. 100 22% 2 3 m
5
8 4%
1461* 147 No. Pennsylvania..50 a 86
40
87
20
1641* 165
Noith & West Branch.
101
101%
4%
s 4
165 175
Northern Central.. .50
64%
“
“ “ Bklyn. 109 110
Boston Water Pow er.. 8 9Cc. 1-00
I IcO
125 127
4%
8 45
48
8 4
245 246
Northern N. H...... 100 152% 153
4%
2 % Brunswick Co.......100
Ft. Wayne Elec. Oo.,25 8 2
1%
24
25
North’n Pac., com . 100
90%
36% Canton Co. (Balt.).100
4% 4% Qon. Electric C o... 100 36
Day. & Mich., g i...
■ ........
nt J R,y,a T . St,’ lr Ydfl 94% 95
T
do
Pref.IOC
17%
175 180
do pf.,gu.,8.
Norw.ct Worcester.100 174 ' 174% Int. Conduit & Ins. 100
102% 10234
4
y 160
2
50c.
100 105
126% 127
Ouio Southern.. .*.. 100 16
North Amer. Phon. Co.
18
dolst pref.non-c.100 95 100
160 161
Old Colony............100 178% 178% Thom.-H. Sec. Ser.C. 10 8 5
5%
do2d pref.non-c. 100 95 100
12
13
Oreg. R’y & Nav.. 100 21
4
25
do
do Ser.D ... 8 3%
Con. Kan. C.S. & R.,25 ........ ......
do
» 36% 36% Or. 6. L. & Utah N.10C
8
8%
6
7
Pennsylvania R R . .50 8 51% 51%
9% 10%
do
30
Penn.’& Northwest.50 s 40
5
* 4%
94
95% Peoria Dee. & Ev.-lOO
3%
4%
Frenchman’s Bay Ld. 8 1%
do Europ.W.Co.100
1%
•20 •25 Peo. & Eastern....IOC
2%
5
Hecker-J.-J. Milling, pf 95% 96%
U. S. IllumIhat.Co.10C
do
5
7
Petersburg. . . . . . . . IOC
91
105
36
90
)
3% . 4% Phila. & E rie.......... 50 8........ 23
53
Illinois Steel........ 100
Do
pref.......50 s 52
do
) '9
9
11% Phil. Germ. & Nor..5C 8........ 133
Iron Steamboat... 100
6
U AS ST O C K S .
3 i 10% 11% Phila. & Read......... 5C
4
17% 18
Balt. Consol. Gas . 10<
65%
2%
do
17
20
Phila. Traction...... 50 sl04% 104% Bay State................ 50 8 11% 12
24%
Lamson Store Ser. .50 8 24
do
>| 12% 13% Phila. Wilm.& Balt.5(
63
63% Brooklyn............ ...2 5 111 113
Lehigh Coal &Nav. 50 s 47%
3 s 54
Pitts. Cin.O.&St.L.lOC
17% 18
6
Citizens’ ________ 20
60
2
3 80
80%
2%
do
pref.1001 46% 43
Fulton Municip.100 160
Maverick L an d.... 10 s 2
3 .......
Pitts. & Connell,e..5C
Metropolitan. . . . IOC 145
108
do rece
i ........
10
Pitts.Ft.W.& C.,guar.7 I 158
N a ssa u ..... . . . ...25 170
Mex. Nat. Const, pref.
Elmira &
) ........ 50
92%
Pitts. Junct........... 50
17
75
dp Pref.,
3 ........
Pitts.M.K.&Yough 50 125
175
56
50
3 35
45
Pitts.Va. & Charles.50 s 45
80
Chariest'n.S.C.,Gas. 25 8.......« 23
Morris Can., gu. 4.100
75
47
3 15% 15% P itts .* W estern...50
5
10
do pf.,gu.l0.100
Chartiers Valley..100 s 9
do
3 83% 83%
do
Pref..5( s
75% 75%
42% 42%
3
8
14 Pitts. Y oungs. &Ash. 50 8 44
Cincin. G. & Coke. 100 204% 2Ò5 “
do
pref..........
88% 89%
43
do
pref
3 ........ 45
do
o re f___5C s 55
60
Denver Consol....IOC
60
70
Nat. Linseed Oil Co...
20% 21%
Fla. Cen. & P. 9%
Port. Saco & Pprts. 10( 129% 130
41
Hartford, Ct., G. L..25 35
Nat. Starch M. Co.100
7
V. T. C e r.......
50
Port Royal * Augusta
. t 11=8
132 135
45
do 1st pref. cm
3 ........
35
Prov. & Worcester. IOO 248 248%
190
2d Pref.....................
25
3 1 42%
Rens. & Saratoga.. 100 182
59
62
mm • •
mm ■ .a
mr
n
3
5%
Rich. F. & P., com .100
36
170
3 .........
Richmond & P’b’g.100
111 111%
4%
4%
3 ........
17% I 7 I9
14
13
1(6
do Pref.tr.reo. 100 21% 22% N. Orleans Gas L.10Ó 122% I 23 " Pacific Mail 8S. Co.100
22h 22%
100% 102 Rio Grande West..IOC
Pennsylv. Steel... 100
N.Y. City—Central.50 105
3
3%
4%
do
Pref.. IOC
Consolidated.. ..1.00 122 123% P. Lorlllard0o.pf..l00 118 120
3
9% 25
Rochester St. R y........
38
40
Equitable.......... 100 170 175 ■ Procter * G. Co” . ..100 150 ......
3 ........
148 153
115 llß lg
140
3 *........ 35
Rutland ....".....1.1 0 4
2
2%
19
158 161
20
do
3 s 50% 50%
Do pref., 7...100 71
5
71%
San Diego Land.. ... 8 4
do
pref.. 34
33
k a il k o a d s t o c k s .

Ala. & Vicksburg......
Alb. & 8us..gu.,7..100
Atcb. Top. & S. Fe.100
Atl. & Char. Air L .. 100
Atlanta & W. P __ 100
Atlantic & P a e ....l0 0
Aug. & Sav.,leased ,100
Baltimore & Ohio.. 100
do 1st pref.,6 .. 100
do 2d, pref.......100
Baltimoi e Tra c ..
B. <teO. 8. W. Ky.-.IOO
do
pref
Beech Creek, guar. 50
Bellev’e &8.IU.,pf.l00
Boston & Albany..100
Boston & Lowell.. 100
Boston & Maine... 100
Bos. & Maine pref .100
Bos.&N.Y.A.-L.,pf.lOO
Boston & Prov...... 100
Bos. R. Beach & L.100
Brooklyn Elev’t’d. 100
Bklyn. T ract'on...l00
do
P e f..l0 0
Buff. Roch.& P......100
do
Pref. 100
Buffalo St. R y ...
a. <j. K. <sNorth..l00
Camden &Atlantic.50
do
do
Canada Southern. 100

L

* Price nominal. § Purchaser also pays aoorued interest, s Quotations dollars uer share, e In London, f In Amsterdam, t 4th asst. paid.




»

Ä

«

i

1

H

H

THE CHRONICLE

N o vem ber 17, 1894.1

GEN&RA.Ej QUOTATIONS OP STOCKS AND

8 ,3
BONDS— C onclu d ed

F o r E x p la n a tio n see N otes at H ea d o f F irst P ag e o f Q u o ta tio n s .
Alls 1ELLANEOUSST’KS. Bid.

Ask, Makufact’ o Stocks . Bid.

Gt.Iouis B’dge.lstpref «104
e 47
e!04
45

106
50
1 6
50

do
pref..._ ...100
U. 8. Express........100
do

pref... . . . . ...

West End Land (Bost.)
M IN IN G S 'l'O C K t(
<N. Y. & SAN. FRAN.)
Alice............................
Belle Isle............. 100
Bodie......................100
Breece..........................
Bulwer_____ ____ 100
Ohollar.................. 100
Chrysolite................50
Consol. Cal. < Va.......
fc
Crown Point..........100
Denver City Con...
Diinkin_ "............ .
_
El Christo_______ ...
Eu’ka Con..............100
Rale & Norcross.-lOO
Horn Silver..................
Iron Silver.. . . . .. . . . 2 0
Iron Hill.....................
Kings.&Pembr’ke Iron
Lacrosse................. 10
Little Jhief............50
M exican______ ..100
Mono ............... ...........
Moulton..............
Navajo ............. ...1 0 0
North Belle Isle..........
Ophir
...... to
Oriental & Miller........
Phoenix of Ariz...........
Plymouth.....................
Savaee___ ....___
Sierra Nevada.......100
Standard_______ lOO
Union Consol........ 100
U tah...........................
Yellow Jacket_______
R A N U F A C T ’ IN G .
Amory (N .H .)..... 100
Amoskeag (N.H.) 1000
Androscog’n (Me.).l66
Atlantic (Mass.)... 100
Bamaby (Fall Riv.)
Barnard Mfg. (F.R.j
Bates ( M e . ) T o o
Boott Cot. (Mass.)! 000
Border City Mfg. (F.R.j
BostonCo.(Mass.)1000
Boston Beiting..’.. 166
Chicopee (Mass.).. 100
Cocheoo (N.H.)___500
Collins Co. (Conn.) 100
Continental (Me.)”100
.
Crystal Spr. Bl. (F.R.)
Davol Mills (F.R.j.100
Dwight ( M a s s . 500
Edwards (Me.)....1 0 0
Everett (Mass.)..New
Flint Mills (F.R. j. 100
Franklin (Me.).. 1.100
Gl’be Y.MiUs(F.R.)100
Granite (F.R.j...... .100
GreatFalls (N.H.).IOO
Hamilton (Mass.) 1000
Hartf. Carpet (Ct.)100
m il (Me.)...............100
Holyoke W. Power. 100
Jackson (N. H.)..1000
Kin irPhi lip (F.R.). 100
Laconia (Me.)...1.400
Lancast’rM.(N.H.)400
L’relLake Mills (F.R.)
Lawrence (Mass.j..l00
Lowell (Mass.)___690
Lowell Bleaohery.lOO
LowellMach.Shop. 500
Lyman M. (Mass.*). 100
Manchester (N.H.) 100
Mass. Cotton........100
Mechanics’ (F. R.) 100
Merchants’ (F.R.j 100
Merrimack (Mass) i 000
Middlesex (Mass.). 100
Nashua (N. H .).. 1.500
Naumkeag (Mass.) 100
Newmarket...........500
Osborn MlllnlF.R.) 100
Pacific (Mass!)... 1000
Pepperell (Me.). . . .500

Poeasset (F. R .).. .100 113
Rich. Bord’n (F.R.) 100 105
Robeson (F. Riv.) 1000
115
237
Vaove (Fall Riv.). .100 107
Made <Ea.ll Riv i .100
113
Stark Mills (N.H.)IOOO 950
Tecumseh ( F. R .). .100 10 >
Thorndike ( Mass. )1000 1250
Tremont &3. (Mass) 100 119*3
Union C. Mf. (F.R.)IOO 168

10*4 10%
42
13*4 19
47
43
8*4
9*3
59% 59%
41*4 43 •
95
95*3]
105 113
2*« iWeetamoe (F. R.) .100
2
6
8
lYork Co. (M e.)... .750
B A N K STOCKS.
•20
■02
Bank of Commerce. 15
•25
Citizens’ . . . ........... ..10
Com. & Farmers’ . .100
Farmers’ B’k of Md.30
Farmers’ & Merch .40
■13
Farmers’&Planters’ 25
•90
First Nat. of Balt. .100
•70
•10
•15 German American. 100
H ow ard............... ...1
•18
..30
•10
Mechanics’ ........... ..10
•60
.100
•30
■04
People’s............T.. ..20
4-00
IOC
100
•40
U n io n ................. ..75
..20
B o sto n , §
A tlantic............ 100
•10
Atlas.................... 100
•10
100
•50
Boston National. 100
1 O'
Boylston.............. 100
a-40
Broadway.......... 100
•10
Bunker Hill......... 100
•03
Central................. 100
100
oti
City................
Columbian........... 100
•09
100
'14
Commercial......... 100
1-00
Commonwealth... 100
■12
100
15 •20
100
Eliott . . . . . . . . . . . 100
lo o
300
•08 Exchange............ .100
Fanéuil H a ll....... 100
•13
First National.. . . ion
•25
100
•50
100
•55
•75
Freeman’s ........... 100
100
1*60
H am ilton........... 100
•55
Hide & Leather.. 100
100
Howard......... .
■55
Lincoln................ 100
99 100
100
132 135
Market................. 100
1775 1780
Massachusetts ..I 100
135 140
100
500 510
Merchants’ _____ 100
69*4 69*3
100
108
371g 90
100
100
126 126*4
100
1100 1150
100
130
100
1070 1080
175 175H Old Boston______ 100
960 1C00
100
100
102
99
99*4 Repubflo............. 100
100
320 325
100
103 108
36
34
Second National.. 100
100
100
88
780 800 Shoe & Leather.. 100
126 130 South End........... 100
100
97*3 96
100
105 107
11312 114
100
100
100 102
100
110 112*3
100
120*3 122
9t0 955
Washington......... 100
54
75
Webster............... 100
60
58
W inthrop........... 100
175
100
875 885
100
10Ó
610 615 B rook ly n ..... . . . . 100
50
345 350
96 100
100
126*3 127
100
570 575
100 102
..46
610 615
100
100
71*3
71
102*$ 103
100
b7
30
96*3
50
85
115
100
1145 1150
100
118 122
..50
505 510
10L 101*3
100
250 275
26thWard
100
1620 1625
1295 1E00 Wallabout............ .100

jk* P uces nominal, « P rice per eli re—not per cen t




55
22
810

Ask.

B ank Stocks.

Bid. Ask.

115
C h ic a g o .
106 V American Exch. Nat..
70
Atlas N ational..........
242
110
55
955
102
1300
120
105
100
56
30
820

29Ó
Continental Nat... 100 130

Union................. ..l o o
First National...... 100 280
United States Nat.100
110
Fort Dearborn Nat_
_
Western National. 100
Globe National............ 94*4
West Side .. . . ...100
135 1 P h ila d e lp h ia .«
Hide and Leather. 100
375
130 135 Chestnut St. Nat . 100
LO
O
Merchants’ N at... 100
Far m. AMeeh.N at. 100
180 First National___ 100
Nat. Bk. of Amer..l00
Fourth St. Nat’1...100
Nat.B’k of R ep...100 100 102 Girard National___40
210 215 Manufact’rs’ Nat Ido
m y Mechanics’ Nat’i .IOO
Union National.. .100 110

i 678

17*s 18
86
128
117
100
103*3
123
170
200
127
81*3
103
115*3
80
130
114*3
80
130%
83
127%
134*a
235
128
116
87*s
87
110*3
107%
96 '
80
100
84*s
88
93
115
157

128V
118
100*4
104
125

201
129
82
103*4
L16
83
130*s
115
81
131
83*4
128
135
240
131
119
88
89
111
107*3
96%
80*4
100*4
85
90
95
117
I57*s
97
229*4 230
117 * 120
156 158
116 117
114 115
104*4 105
161 163
123 125
159*3 160
95*s 96
139 141
182*3 183
225
115% 116
90
90*4
78
80
115 115*3
100 100*4
89% 90 ”
60
70
86*3 87
134 134*s
107 109
97
97*s
116% 117
185
165

450
140
120
220
255
260
160
161
220
160

197
400
115
130
200
140

250

160
C12

135

197
22 >
97
1L5
87
250

125

130
230
99
120
95
¿55
255
German National. 100 200 202
140 145
132*4 133
National Laf ayettelOO 290 300
Ohio Valley Nat’1.100 135 137%
4 0 I
Third National.. . . 100 147 150
340
N e w O rlea n s.
92
American Nat.......100
17
Bank of Commerce. 10 16
157
Citizens’ ..........
100 97 100
Co-operative........ .25
17
18%
200
GermaniaNation’l.lOo
188 H I
Hibernia National. 100
Louisiana Nat.......100 154 160
160 167
65
7Ö *
83*a
People’s ________ _ 50 80
State National ....10 0 100

Bid.

Ask.
120

Southern Nat____ 1Ò0 167*2
State of N. Y ..
100 100 110
105

150
300

Atlas National ...100
Citizens’ National.100
Commercial Bank..50
Equitable Nat.......100
Fifth National ....1 0 0
First National_ 100
_

61

125
122
270

Insurance Stocks.

Shoe & Leather ...100 110

IOÖ
200
180
110
200

220
210
115
275
264*4
50
107

85

162*4
90

Penn National ... 5Ò 85
Philadelphia Nat’L 100 186%
Seventh National. 100
Tradesmen’s Nat’i. 50
Amer. Exchange. 50
Boatmen’s
.
ì òo
Bremen..................100
Chemical Nai .
100
Citizens’............. 1ÒÓ
Nat. Bank of Com 100
Commercial_
_
10Ò
Continental Nat’1.100
Franklin . . . .....1 0 0
Fourth Nationa,l 1ÒÒ
German................. 1ÒÒ
International.......100
Laclede National.. 100
Lafayette.............. lo o
Mechanics........... 100
Merchants’ Nat’i.. 100
Mullanphy.......... 100
Northwestern.......100
St. Louis National.100
State Bank............. 50
Third National.... 100

165
160
200
94
120
142*4

170
102*4
230
95
130
145

122
350
22 )
315
550
150
103
325
235
140
230
81
132*4
104
170
1L5

124
360
230
325
600
155
110
350
245
144
240
82
137*4
105
180
117*4

62%
Anglo-Californian.......
Bank of California . . . 206 207
190
First Nat’i Gold.. .100
100 105
London Paris & A ....... 120*4
33*4
London & San Fran...
Whitney National.100 351
Nevada . . . ____ _____ 125 131
America................100 200 215
IN S U R A N C E
STOCKS.
American Exch’ge 100 152 i58
N ew Y ork .
Bowery........ ... “ . 100 250
American................50 115 120
230 ¿48
Bowery.................... 25 75
80
167 175
Broadway................25 115 125
Central National.. 100 122
450
Citizens’ .................. 20 100 105
Cnatham................ 25 350 400 Commonwealth.. . 100 60
70
Chemical...............100 4700 4800 Continental.......... 100 250 260
425
Eagle.............. . .r.40 210 220
65
70
Citizen’s .................. 25 137 150 Empire City........ IlOO
Farragut............. ...5 0
70
80
200
Commerce.............100 178 Ì87
German-American 100 275 285
122
Germania................ 50 170 175
50
Globe................. ....5 0
60
Corn Exchange ...100 282 300
14
Greenwich........ . 25 115 120
Hamilton................. 15
75
85
East River...............25 140 165
H anover.................50 108 115
2*0
Home..................... 100 130 135
2000
Kings Co. (B’klyn).20 160 170
Fifth National...„1 0 0
Nassau (Brooklynj.50 160 165
2500
70
80
113 175
National.......... J. .37*4
Niagara ................. 50 120 130
170
73
80
North R iv er____ ..25
Fourth National ..100 190 195
Pacific.............
.25 120 130
300
Peter C ooper. . . . . . . 20 130 140
120 Phenix (B’klyn )....50 107 115
German American..75 116
Rutgers................... 25 110 120
300
80
95
160
Stuyvesant.............. 25
United States.......2 5 100 110
Hanover................ 100 300 325
Westchester............10 160 170
100
Williamsburg C ity..50 300 320
150
Importers’ & T r ...l0 0 530 5Ô0 m a r i n e : i n s u b ance: s c r ip .
Irving.......................50 137 150
Atlantic Mutual.........
Leather Manufts.. 100 180 210
1890.......................... 104
110 125
1891.......................... 104*4
525
1892.......................... 105
180 200
1893 ......................... 105*4
210 230
1894.......................... 106*4
185 200
150 fComm’cl Mut. 1873-82
5
Mechanics’ & Tr___25
Mercantile.............100 170 200
Merchants’ ............. 50 135 138
1 L iL lt CiKVSUIir
Um
Merchants’ Exch’e.50 110
N.Y. Stock...................
20,000a.
2
19.500
Last nale, N ov.. . . . . .
400 46 i
N.Y.Consol.St’k & Pet. 100b. 130a.
Mount Morris. . . . . 100 125
125
Last sale, Nov. 13 ..
N. Y. P r o d u ce ....____ 475b. 500a.
162 170
Last sale, Nov. 9....
500
New Y o r k ...........100 233 238
N. Y. Cotton............. 700b. 750a.
510
Last sale, Nov..........
750
105 125
N. Y.Coffee.. ............. 150b. 200a.
118
175
Last sale, Nov. 5 _
_
125
t
160 N. Y. Metal..................
Last sale, ...............
250
R’lEst. Ex. A Auc. R’m 800b. 850a.
175
S20
Last sale,........ ........
280 300
Boston Stock .. 12,000 b. 13,000 a.
270 300
Last sale, Oct. 10..
12.500
117 125
Philadelphia Stock....
Produce ExchangelOO
2.500
Last sale, June___...
157 167
170 174 Chic. Board of Trade.. 700b. 750a.
775
Last sale Oct...... ...
300
Chicago Stock___. ___ 1.500 1.600
120
_
Last sale Oct.
1.600
Sherman............. ..100

î 75 per cent paid in cash.

§ Ail ex dividend.

874

THE CHH0N1CLE
R oads.

[V ol. L IX .
Latest Earnings Reported.
WeekorMo\

AND

The I n v e s t o r s ’ S u p p l e m e n t , a pa m ph let o f 160 p a g es, con­
ta in s exten ded tables o f the S tocks and B on d s o f R a ilroa d s,
and oth er C om pa n ies, w ith rem arks and sta tistics concern in g
the in com e, financial sta tu s, etc ., o f each C om pa n y. I t is
pu blish ed on the la st S a tu rd a y o f every oth er m onth — v iz .,
J a n u a ry, M a rch , M a y, J u ly, Septem ber and N ovem ber, and is
fu rn ish ed w ith ou t extra charge to all regu la r su bscribers o f
the C h r o n ic l e .
I he G eneral Q u otation s o f S tocks and B o n d s, occu pyin g s ix
pages o f the C h r o n ic l e , are pu blish ed on the t h i r d S a t u r ­
d a y o f each m onth.

EARNINGS.

Latest Earnings Reported.
ROADS.

Week or Mo

1894.

1893.

Jan. 1 to Latest Late.
1894.

1893. J

Adirondack___ Septemb’r.
15,936
129,090
15,132
134,338
Ala. Midland... Septemb’r.
397,914
46,768
40,848
350,088
Allegheny Val.. 8eptemb’r. 212,267 180,862 1,567,234 1,894,653
Ark. Midland... Septemb’ r,
55,432
5,919
5,163
52,459
Atch.T.&S. Fe. 4th wk Oct 1,056,569 1,168,357
St. L. & San F 4th wk Oct 231,404 234,012
Atlantic* Pac 4th wk Oct
93,210
91,250
Col. Midland. 4th wk Oct
49,808
39,189
Agg. total... 4th wk Oct 1,430,991 1,532,808 31,525,402 39,655,603
Atlanta* Char, a Jun e........
46,902
320,884
53,309
375,101
Atlanta & IV. P Septemb’r,
41.386
40,747
334,045
302,438
Atlan. & Danv. 4th wk Oct
11,983
11,695
Austin & N’west Septemb’r.
23,295
166,002
24,694
180,110
B.&O.EastLines October... 1,616,651 1,613,355 13,987,876 15,906,569
Western Lines October... 486,876 699,366 3.843,931 5,485,155
T o ta l.......... October... 2,103,527 2,312,721 17,831,8o1 21,391,724
"
Bal.cfeO.8ou’ w.d 1st wk Nov 122,489 126,238 5,307,431 5,730,302
B ath * Ham’nde Septemb’r,
18,992
4,848
19,564
4.181
Bir. & Atlantic. October...
1.664
17.605
24,726
2,289
Brooklyn E lev.. WkNov. 3
32,671
33,859 1,439,889 1,550,716
43,961
Brunsw’k&West Septemb’r,
31,718
Bufi.Roch. &Piti Istw kN ov
56,618
64,612 2,272,974 2.925.763
Bur.C.Rap. &N October... 409,997 524,086 3,080,632 3,443,819
Camden* A tl.. Septemb’r,
86,682
76,422
757.208
716,505
OanadianPacific Istw kN ov 484.000 480.000 15,731,983 17,760,035
Gar.Cum.G&Ch J u n e........
5,028
28,315
3,568
22,788
Car. Midland.... October...
48,782
8.476
7,378
49.856
Central of N. J .. Septemb’r. 1,027,007 1.214,792 9,059,103 10,915,072
Central Pacific.. Septemb’r, 1,318,628 1,433,429 9,618,686 10,797,693
Central o f S. C.. Jun e........
5,657
54,954
7,649
47,438
Ohar.Cln.&Chic, October...
16,530
15,019
134,163
124,191
Oharlest’n&8av Septemb’r
35,163
473,213
481,866
31,017
Char.Sum.&No. O ctober...
18,600
127,157
134,571
14.900
Ghat’qua Lake.. Septemb’r,
4,448
5,563
44,598
33,838
Cheraw. &Darl.. Septemb’r,
9,045
59,671
7,127
64,697
Ghes.A O hio.... Istw kN ov 158.553 183,886 7,676,802 8.563,294
Ches. O.&So.W. Septemb’r. 203,479 187,050 1,524,812 1.716.763
Chic. Bur.&No. Septemb’r, 225,689 198,203 1,301,549 1,719,646
Ohio. Bur. * Q.. Septemb’r. 2,829,845 3,520,194 23,380,723 28,521,972
Chic.* East. III. Istw kN ov
79,663 100,130 2,789,626 3,894,287
Chicago* Erie. Septemb’r, 204,083 351,461 1,648,951 2,365,098
Ohio. Gt. West’n lstw k Nov
73,461
88,215 3,105,279 3.847,155
Ohlo.Mll.*St.Pt Istw kN ov 597.554 786,162 24,348,381 28,943,932
Ohlc.&N’thw’n / Septemb’r, 2,743,061 3,325,121 21,668,605 24,670,139
Chlo.Peo.*8.L... Istw kN ov
17,479
762,021
841,197
17.138
Ohio.R’k l.& P ., October... 1,617,151 2,143,294 13,737,641 16,601,262
Chlc.St.P.M.&O. Septemb’r, 703,487 768,417 5,266,134 5,752,694
Chic. A W. Mich. Istw kNov
28,912
35,218 1,358,299 1,642,219
On. Ga. & Ports. October...
6,463
6,634
57,851
58,588
Cin.&Kent. Sou Septemb’r,
979
812
7,434
9,635
Cln. J a ck * Mac. lstw k Nov
11,426
12,757
535,565
577,116
Cin.N. O. &T. P. Septemb’r, 296.000 307,048 2.494.000 2,957,937
Ala. Gt. South. Septemb’r. 124.000 121,244
996,000 1,251,959
N.Orl. A N . E. Septemb’r.
89.000
88,579
793,152
958,745
Ala. & Vioksb. Septemb’r.
44.000
380,523
357,453
40,912
Vicks. Sh. * P. Septemb’r.
47.000
360,201
363,097
37,593
Erlanger Syst. Septemb’r. 600.000 595,376 5.001.000 5,906,104
Cln. Ports. & V.. October...
25.386
223,892
23,042
211,026
Col. A Maysv. O ctober...
9,194
930
12,396
1,156
dev.Akron&Co. IstwkNov
18,050
737,430
842.091
18,068
Clev. Can. & So. 4th wk Oct
23,499
26,408
GLCln.Ch.*S.L. Istw kN ov 258,509 245,997 10,780,505 11,825,550
Peo. * East’n. Septemb’r. 150.699 174,929 1,163,263 1,291,093
ei.Lor.& Wheel. septemb’r. 133,629 144,755
880,192 1,085,495
Col. Newb. & l.. Jun e........
42,224
4,461
33,611
3,771
Col. H. V. & Tol. O ctober... 307,811 322,080 2,351,977 2,898,863
Col.Sand’y * H. Istw kNov
15,234
691,261
698,187
16,596
1,700
Colusa &Lake.. October...
2,100
21,455
18,167
Crystal.............. Septemb’r.
1,180
7,876
1,391
11,713
Cumb’ld Valley Septemb’r.
80,247
583,985
80,186
665,679
2,704
Current River.. Istw kNov
2,779
98,948
108,518
Denv. & Rio Gr Istw kN ov 143.100 141.000 5,638,677 6,653,943
Det.Lans’g&No. Istw kN ov
24,924
20,783
923,783 1,135,434
DuluthS.S.&Atl. lstw k Nov
31,063
33,926 1,471,251 1,862,120
Elgin. Jel.&East October... 107,163 102,827
784,787
858,645
5,731
54,946
44,791
6,431
August___
234,913
5,003
315,817
8,689
Istw kN ov
3.664
109,785
89,535
Evans. & Rich.. 4th wk Oct
2,541
19,803
934,367 1,137,319
Evausv. & T. H. Istw kN ov
25,160
Fitchburg......... Septemb’r. 653,788 621,201 5,084,932 5,503,263
47,332 2,052,515 2,386,427
44,679
jFlint &P.Marq. lstw k Nov
11,441
88,053
80,175
9,911
Florence........... June........
Fld.Cnt. &Penin October... 176,858 124,286 1,929,080 1,287,662
297,000
272,268
44,863
81,167
F t W. * Rio Gr October...
576
8,005
5,537
574
Gads. & Att. U.. October...
Georgia RR...... 2d wkNov.
38,011 1,131,248 1,196,237
34,127
482,362
58.586Ì
352,862
43,100
Ga. CaFla & No Septemb’r.
82.000
68,650
658,173
715.578
Geo. So.* Fla... October...
18,394
2,626
3,976
Georget’n&W’n June........
23,417
34,744
45,035 1,614,794 1,915,790
Gr. Rap. *Ind.. Istw kNov
6,977
377,571
7.476
347,281
dn.R .*Ft.W . Istw kN ov
542
39,660
46,967
789
Traverse City. Istw kN ov
1,859
118,835
91,515
2,006
Mus. G. R. & I. lstw k Nov
44,122
55.306 2.093,250 2,459,163
Total all lines. IstwkNov




1893.

Jan. 1 to Latest Date*
1894.

1893

$
15,555,449 17,471,404
2,190,305 3,491,186810,643
909,091
10,865
11,454

llailrouxT | w M I ig m c e .

RAILROAD

1894.

GrandTrunk ... WkNov.10 395,239 449,975
Chic. AGr.Tr. Wk Oct. 20
52,055 144,845
DetGr.H.&M. WkOct. 20
22,146
22,092
Gr. P.Wal. & Br. .Tune........
2,097
2,445
Great North’n 8t. 1. M. * M. October-.. 1,767,377 1,683,118 9,593,770 11,038,856.
East, of Minn October... 223,772 204,766
974,312 1,068,129«
Montana Cent October... 156,81,8
90,039 1,246,953
930,266
Tot. system. October... 2,147.907 1,977,923 11,805,035 13,037,251
G u lf* Chicago. October...
5,204
5,339
35,413
33,922
Hartsville........ J u n e........
419
308
3,915
5,860Hoos.Tun.&Wil August_
3,784
_
3,849
Hous.E.&W’ .Tex Septemb’r
40,20'
30,756
288,897
298, 079«
Humest’n&Shen October. .
10,000
14,180
97,000
H I. 917
Illinois Central. October.. 1,799,761 2,668,344 14,709,761 18,438, 5 8 *
Ind.Deo.& West. October..
39.011
35,615
336,386
375, 802
le.&Gt. North’n 1st wk Nov 106,170
82.580 2,927,328 3,362, 992
tlnteroe. (Mex.) WkOct. 27
45,400
40,432 1,931,038 1,748, 447"
Iowa Central. . IstwkNov
31,274
39,658 1,413,639 1,604, ,151
Iron Railway. October...
4.090
3,653
34,068
32,,620*
Jack. T. & K. W Septemb’r.
39,374
34,999
585,275
592, 018
Kanawha&Mieh lstw k Nov
5.758
7,381
323,756
303, ,161
Kan.C. Cl. &8p. lstw k Nov
5,389
261,432
7,768
222 ,,973;
K.C.F.S.&Mem Istw kN ov
75.501
93.580 3,194,453 3,633; ,552.
K.C.Mem.&Bir 4th wk Oct
351133
827,032
33,565
883; ,564,
K. C. Pitts. & G. 4th wk Oct
7,317
298,452
11,358
137 ,607
Kan.C. Sub.Belt Istw kN ov
3,711
3,-56
222,153
206, ,151
Kan.C. N W....... October.
33,755
239,142
23,878
265; ,805»
Kan.C.&Beat. October.
1,183
1,307
10,319
S;
i ,029
K eokuk* West. 4th wk Oct
12,490
8,355
306,928
326, ,584
L. Erie All. & So. October.
7,221
8,946
62,857
65,,501.
L. Erie & West.. Istw kNov
61.722
57,758 2.806,903 3,039, ,221
Lehigh * Hud.. October...
62,820
325,802
41,918
481, ,354
Long Island___ October... 326,763 332,599 3,516,404 3,632;,891
Los Ang. Term. O ctober...
152,702
14,555
9,868
122 ,,207
Louis.* Mo.Riv. August ...
37.333
212,242
35,824
277 ;,191
Louis.Ev.&St.L. lstw k Nov
24,608
30,448 1,208,915 1,464;,735»
Louisv.&Nashv. Istw kN ov 405,205 384,340 16.295,313 17,450, ,006
Louis.N. A.& Ch. lstw k Nov
56,393
54.889 2,432,395 3,033, ,595
Lou.St.L.&Tex. Istw kN ov
7,321
7,792
359,463
468, ,891
Louisv. South.. 4thwk Aug
22,090
21,211
398,627
450. ,599
Macon & Birm.. O ctober...
7,363
6,228
61,951
55,,550.
Manches.&Aug. June........
5,630
981
898
7,,617
Manistique....... October. ..
1,956
558
57-587
71, ,294
Memphis&Chas. Istw kN ov
28,195
29,505 1,067,372 1,164; 964
¡Mexican Cent. Istw kN ov 144,924 157,982 7,112,717 6 , 688 ,621
Mexican Inter’l. August___ 148,579 141,000 1,380,203 1,358,,612
¡Mex. National. Istw kNov
84,610
78,350 3,604,498 3,613, ,768«
Mex. Northern. Septemb’r.
56,174
472,682
¡Mexican R’ way WkOct. 27
57.106 2,590,664 2,549,356
62,973
Mexican So...... 3d wk Oct.
7,6*0
259,927
8,048
187,156
Minneap.&St.L. O ctober... 212.972 201,745 1,462,188 1,494,967
Mo.Kan.&Tex.. Istw kN ov 277,436 267,060 8,487,619 8,580,579
Mo.Pac.&IronM Istw kN ov 458,952 484,890 18,885,604 21,117,926
Mobile * Birm. Istw kN ov
7,050
7,352
237,843
245.069
M obile* Ohio.. O ctober... 316,629 302,110 2,596,734 2,652,318
Mont.&Mex. Gif October. .. 115,000
923,607
84,817
825,721
Nash.Ch.&St.L, October... 425,998 394,688 3,798,676 3,968,207
Nevada Central August___
2,330
2,112
16,533
28,626
N. Jersey &N.Y. Septemb’r.
31,915
30,063
NewOrl.&So’n .. October...
11,074
77, 572
9,674
97.711
N.Y.C.&H.R..., O ctober... 3.836,230 4.350,294 34,315, ,494
,232,955
N. Y. L. E.& W . August.... 2,274,224 2,523,535 15,673, ,504
,526,552
N.Y.Pa.*Ohio.. August___ 569,445 614,097 3,582, ,366
,802,330
N. Y. Ont. & W .. Istw kN ov
69,145 3,209, ,517
62,351
,376,076
N.Y.Susq. & W.. August_
131,552 158,812 1,079, ,502
,155,855
_
Norf. A South’n. Septemb’r.
323, 424
29,362
28,890
327,786
N orfolk* West. Istw kN ov 213,922 210,712 8.712, 368
,533,794
N’theast’n (S.C.) Jun e........
331, 703
37,384
376,747
43,872
North’n Central. Septemb’r, 559,588 582,547 4,353, 376
,208,899
North’n Paoifio. 4th wk Oct 876,723 748,033 13,578, 155
,785,041
Oconee * West. Septemb’r.
22 , 774
1,947
2,811
13,708
Ohio River........ Istw kN ov
17,296
17,397
611, 056
688,239
Ohio Southern.. Istw kN ov
17,163
18,979
Omaha & St. L .. August___
40,201
259,373
32,104
367,090
Oregon Imp. Co. Septemb’r. 308,664 368,820 2,842,701 2,902,606
Pennsylvania... Septemb’r. 5,498,083 5,394,510 42,244,640 50,303,951
PeoriaDee. &Ev. Istw kN ov
16,921
13,624
716,223
767.685
Petersburg........ Septemb’r.
396,314
38,268
37.538
408,650
Phila. & E rie... Septemb’r. 392Í409 464,387 2,887,264 3,902,172
Phila. & Read’g. Septemb’r. 1,785,151 1,946,596 14,657,384 16,785,177
Coal&Ir. Co... Septemb’r. 1.793,034 2,290,003 15,248,133 16,994,596
TotalbothCos. Septemb’r. 3,578,185 4,236,599 29,905,517 33,779,773
Pitts. Mar. &Ch. October...
29,089
1,876
4,293
29,366
Pitt.Shen.&L.E. October...
48,663
382,352
55,339
415,751
Pittsb. & West-. O ctober... 162,249 124,793 1,149,789 1,244,786
Pitts. Cl. & Tol. October. ..
84,245
79,288
561,720
717,592:
Pitts. Pa. & F. October. ..
31,230
49.415
280,976
279,265
Total system.. Istw kN ov
40,470 2,083,306 2,326,856
55,015
Pitt. Y oung. &A . Septemb’r 126,188
75,502
826,843 1,055,078
Pt. R ova l* Aug. August__
16,137
16.106
181,000
174,357
Pt.Roy. &W. Car. Ju n e........
25,726
174,414
17,305
158,635
Quincy O.&K.C, October...
21,985
193,322
24,191
230,679
51,612
Rioh.Fr’ksb.&P. Septemb’r.
50,481
521,646
572,931
26.392
Rich. & Petersb. Septemb’r.
25,555
250.905
262,-381
Rio Gr. South’n . Istw kN ov
7.604
311,560
5,917
413,786
Rio Gr.West’n.. Istw kN ov
37.600
35,900 1,794,234 1,934,891
Sag.Tuscola&H. October...
12,252
100,974
11,008
107,95*
7,402
Sag.Val. & St. L. Septemb’r.
7.902
64,006
71,008
43,190
St. L. A. & T. H. 4th wk Oct
45,080 1,101,707 1,306,593
8t.L.Ken’et&8o. October...
4,191
3,014
22,782
23,618
St. L. Southw’m . lstw k Nov 139,800 128,700 3,816,944 4,108,518
St. Paul & Dul’th O ctober... 163,783 192,946 1,209,049 1,468,987
San Ant. at A.P. Septemb’r. 265,395 188,521 1,226,742 1,286,049
S.Fran.&N.Pac. 4th wk Oct
34,815
709,458
29,408
702.216
57,031
Bav. Am. &Mon. October. ..
44,990
412,664
376,481
Sav.Fia. & West. Septemb’r. 273,326 222,130 2,371,712 2,303,339
11,306
7,933
258.905
8her.Shrev.& So Istw kN ov
249,836
8,864
6,500
Silverton........... O ctober...
36,317
55,32619,231
South Bound... Jun e........
16,830
114,921
146,510
68,000
South Car. &Ga. J u n e ......
587,639
81,195
679,049
So. Pacific Co.—
Gal.Har.&S.A Septemb’r. 419,507 323,494 2,944, ,971 3,086, 411
701, 275
80*809
800, 286
Louis’aWest.. Septemb’r. 108,495
Morgan’ sL&T. Septemb’r. 501,413 370,853 3,953, 970 3,701, 964
29,347
N.Y.T. AMex. Septemb’r.
29,107
179, 611
178, 584
Tex.&N. Orl.. Septemb’r. 139,403 120,503 1,102 ,532 1,318, 865
Atlantic sys.6. Septemb’r. 1,226,076 951,055 8,977, 943 9,176, 031
Pacific system;Septemb’r. 3,027,421 3,291,870 22,838, 937 26,249, 807
Total of all.. ¡Septemb’r. 4,253,497 4,242,925 31,816, ,880 35,425, 838
So. Pao. of Cal Septemb’r, 792,705 1,002,411 6,638, 536 8,068; 771
So. Pac. of Ariz Septemb’r, 196,679 152,589 1,478, 364 1,492; 781
70,877
81,445
So.Pac.ofN.M. Septemb’r.
700, 665
671, 150
77,706 104,437
933, 136
670, 942
Summit Branch. Septemb’r.
795, 284
79,074
86,199
602, 512
Lykens Valley Septemb’r.
Tot’1both Co’ Septemb’r. 156,780 190,636 1,273, 454 1,728, 4 2 6

Latest Earnings Reported.
K O ADS.

WeekorMo

875

THE CHKON1CLE.

N o v e m b e r 17, 1894.]

1894.

1893

Jan. 1 to Latest Date.
1894.

Southern Ry e—
Kick. A Dan.'
Char. C. A A.
Col.AG r’nv. 1st wk Nov 384,000 388,405 14,826,029 15,316,906
E.T.Va. AG.
Louisv. 8 0 ..
Georgia Pac
13,431
6,212
596
603
¡SouthANor.Car. June
55,175
64,501
9,251
9,448
sSnar.Un. & Col. J u n e........
820,033
843,756
94,057
93,664
Staten Isl. R. T. Septemb’r.
41,739
38.650
5,000
4,953
BtonyCLACMt.. Septemb’r.
Texas A Pacific. 1 wk Nov 207.805 175,112 5,765,115 5,819,924
1st
44,483
36,900
6,161
6,189
Tex.S. ValAN.W. .October,
915,021
931,956
22,555
22,056
ffol. A. A. ANo.M. 2d wk Nov.
40,188 1,574,028 1,737,039
44,066
ffol.AOhio Cent. 2d wk Nov
836,670
756,330
18,477
16,864
Tol. P. & West.. Istw kNov
33,085 1,333,018 1,525,459
40,4 »0
Tol. St. L. A K. C. 1st wk Nov
334,652
320,074
43,565
40,165
Ulster A D e l.... Septemb’r.
Union Pacific—
10,609,775 12,776,088
Un. Pac. R R .. Septemb’r. 1,498,014 1,607,011
Or.S.L. A U. N Septemb’r. 485,733 415,455 3,678,834 4,518,818
737,702
604,342
82,222
62,528
St.Jos.AGd.Is. Septemb’r.
124,793
78,202
11,160
5,855
Kan.C.&Om. Septemb’r.
978,597
751,796
20,911
16,459
Tot. St. J. AG. I. Istw kN ov
358,058
298,613
42,203
28,968
Cent.Br.......... Septemb’r.
Ack.Col.AP. > Septemb’r.
386,016
277,907
37,548
30,756
Ach.J.C.A W 5
602,625
265,083
51,246
35,207
Montana U n .. Septemb’r,
31,071
31,149
3,972
3,656
Man. Al. A Bur. Septemb’r,
20,765,445
GFd total *c Septemb’r, 2,266,162 2,392,506 16,970,216
97,677 337,961 1,228,091 1,855,510
Or.Ry.AN.Co Jun e........
U. Pao. D. A G. Septemb’r, 265,257 248,553 1,996,284 2,708,375
760,866
513,654
74.,044 120,174
Ft W’ th&D.C. Ju n e.......
Wabash............. Istw kN ov 213,966 271,597 9,792,236 11,899,674
142,949
143,949
20,815i
36,03y
Septemb’r.
Waco A Northw.
West Jersey...... Septemb’r, 143,530 156,586 1,242,203 1,365,113
986,568
99,578,. 832,134
92,772
October...
W.V.Cen. A Pitts
271,453
243,354
35,398
34,282
West Va. A Pitts, August.»..
338,236
367,922
43,258
50,570
Western of Ala., Septemb’r,
929,937
West. Maryland. Septemb’r 123,316 130,857 I 936,534
64,600 2,643,000 3,049,569
64,400
Istw kN ov
West.N.Y. A Pa
28,737 1,051,789 1,305,703
28,311
Wheel. A L. Erie Istw kN ov
11,844
11,485
2,151
2,131
Wil.Chad.ACon. Jun e. . . . . .
336,415
239,424
44,543
38,640
Wil. Col. A Aug, J u n e........
42,410
44,103
5,194
7,960
Wrightsv. A Ten July..........
t Includes Milwaukee A Northern for all periods.
* Figures given do not include Oregon Ry. A Nav., Un. Pac. Denver A
•Gulf, Denver Leadville A Gunnison and Leavenworth Topeka A South-

Increase.

1894.

1893.

$
207,805
21,475
36,374
16,864
40,490
213,966
64,400
28.3 U

$
175,112
22,6o6
31,788
18.477
33,085
271,597
64,600
28,737

Total ,63 r o a d s )........ 6,065,125 6,396,631
........
..........
Net decrease (5*18 p. o.)J

176,235
............

Decrease.

4,586
........
7,405

1st week ot November.

1893.
Tol.Ann Arbor AN.Mich.
Toledo A Ohio Central...
Toledo Peoria A West’n..
Toledo St. L. A Kan. C...
Western N. Y. A Penn...
Wheeling A Lake E rie..

$

$
32,693

1,131
........
1,613
. . . . ....
57,631
200
426
507,791
331,556

For the fourth week of October our final statement covers
78 roads, and shows 0*87 per cent gain in the aggregate.
4th week o f October.

1894.

1893.

$
$
Previously rep’d (61 r’ds) 10,019,906 9,881,340
Atch. Top. A Santa F o... 1,056,569 1,168,357
234,012
231,404
St. Louis A San Fran..
91,250
93,210
Atlantic A Pacific___ _
39,189
49,808
Colorado Midland........
26.403
23,499
Cleve. Canton A South’n.
3,529
4,867
Current River............. .
51.591
58,797
¿5,400
40,432
7.983
11,737
Kansas City Clin. A Spr..
127,007
117,264
Kan. City Ft. S. A Mem..
35,133
33,565
Kan. C. Mem. A Birm___
53,106
51,040
Memohis A Charleston..
228,102
273,263
9,296
10,459
Mobile A Birmingham...
83,400
90,100
Rio Gra nde Western.......
29,408
34,815
San Francisco A No. Pao.
86,500
97,000
WesternN. Y. A P enn...

Increase.
%
693,116
....... - ...
1,969
10,619
.... ....
1,338
7.206
4,963
3,754
. . . . .. .
45,161
1,163
6,700
5,407
10,500

Decrease.
554,550
111,783
2,608
2,909
.... ....
9,743
1,568
2,066

........
............
685,232
............

791,892
Total (78 roads).......... 12,302,703 12,196,043
106.660
........
........
Netinorease (0-87 p.o.)..
The following will furnish a comparison of the weekly
results for a series of weeks past.
WEEKLY GROSS EARNINGS.

-Changes.
Amount.
1893.
Period and number o f
1894.
P.et.
$
$
roads included.
$
229,548 Dec. 2-86
Oct.— 1st week (73r’ds). 7,804,813 8,034,361
360,316 Dec. 4-26
8,433,380
“
2d week (74r’dsi. 8,093,064
444,313 Deo. 4-96
a Figures cover only that part of mileage looated in South Carolina
“
3d week (76 r’ds). 8,513,897 8,958.710
0-87
106,660 Inc.
b Inoludes earnings from ferries, eto., aot given separately, t Mexi­
“
4thweek (78 r’ds). 12,302,703 12,196,043
331,556 Deo. 5*18
can currency, c Inoludes only half of dues in which Union Pacino has Nov.—1st week (63 r’ds). 6,065,125 6,396,681
« half interest, d Includes Ohio A Mississippi in both years, e Covers
For corresponding weeks last yea r losses were as ^follows,
•4,398 miles in both years, f In June, July and August Mil. Lake Shore
A West, included for 1894, but not for 1893: for previous months and the roads, however, not being quite the same as those included
for September this road is included in both years.
in the present year’s comparisons :
,-------------------------- Loss LAST TEAR m
Latest Gross Earnings by Weeks.—The latest weekly earn­
November.
October.
September.
ings in the foregoing are separately summed up as follows:
Dollars.
P. Ot.
Dollars.
P. Ol. Dollars. P. Cl.
Our preliminary statement of earnings for the first week 1st w eek ....
369,364 4-7v
1,118,606 14-38 517,851 6-51
162,950
2 - 03
4-94
402,646
900,295 11-40
o f November covers 63 roads and shows a loss of 5'18 per cent. 2d w eek ....
556,222 6-76
*46,697 0 58
848,546 10-37
3d w eek....
1,064,223 IOO 7
3-38
376,193
1,154,432 10-69
Increase. Decrease.
4th w eek ....
1893.
1894,
1st week o f November.
* Increase.
$
«
$
$
3,749
126,238
122,489
Balt. A Ohio Southwest.
Net Earnings Monthly to Latest Dates.—The table fol7,994
64,612
56,6(8
Buffalo Roch. A Pittsb’g.
lowing shows the net earnings reported this week, A full
4,000
430,000
484,000
«Canadian Pacific.............
25,333 detailed statement, including all roads from which monthly
183,886
158,553
Chesapeake A Ohio— ..
20,467 returns can be obtained, is given once a month in these
100,130
79,663
Chicago A East. Illinois.
14,754
88,215
73,461
Chicago Great Western..
........
188,608 columns, and the latest statement of this kind will be found
786.162
597,554
Ç lioago Milw. A St. Paul.
J
in the C h r o n ic l e of October 20. The next will appear in the
341
17,138
17,479
Chic. Peoria A St. Louis.
6,306 issue of November 24, 1894.
35.218
28,912
Chic. A West Michigan...
1,331
12,757
11,426
Gin. Jackson A Mackinaw
,— gross Earnings.— »< Net E a r n i n g s *
---18
18,068
18,050
Cleve. Akron A Columbus
1894.
1893.
1894.
1893.
12,512
245,997
253,509
Cleve. Cin. Chic. A St. L ..
$
$
$
*
Roads.
1,362
........
16,596
15,234
•Col. Sand’ sky A Hocking.
75 Baltimore A Ohio—
2,779
2,704
Current R iver..................
631,144
595,725
Lines E. O. R .b ___Oct. 1,616,651 1,613,355
. . . . ....
2,100
141,000
143,100
Denver A Rio Grande....
Jan. 1 to Oct. 31___ 13,987,876 15,906,569 4,596,966 5,305,213
4,141
24,924
20,783
Detroit Lans’g A North’n
July 1 to Oct. 3 1 .... 6,457,356 6,585,689 2,433,055 2,571,903
2,863
33,926
31,063
Duluth So. Shore A Atl..
134,988
304,731
486,876
699,366
3.686
8,689
Lines W. O. R .b...O ct.
5,003
Evansv. A Indianapolis..
536,281 1,182,238
__. . . . .
5.357
25,160
19.803
Jan. 1 to Oct. 31___ 3,843,931 5,485,155
Evansv. A Terre Haute..
382,045
800,553
2,653
........
47,332
44,679
July 1 to Oct. 3 1 .... 1,755,300 2,386,325
Flint A Pere Marquette.
4,203
36,213
766,132
990,456
40,416
G eorgia.....................-—
Total system.. .b ... Oct. 2,103,527 2,312,721
10,291
45,035
34,744
17,831,807 21,391,724 5,133,247 6,487,451
Jan. 1 to Oct. 31___
499
7,476
6 977
July 1 to Oct. 31 .. . 8.212,656 8,972,014 2,820,100 3,372,456
247
789
542
Traverse C ity------—...
541,111
732,260
147 Central Pacific..b...Sept. 1,318,628 1,433,429 3,583,261 4,334,764
2,006
1,859
Mus. Gr. Rapids A Ind,
Jan. 1 to Sept. 3 0 .... 9,618,636 10.797,693
54,766
449,975
395,239
Grand Trunk of Canada,
42,956
41,140
155,642
174,586
. . . . . . . Chic. A W. M ich... .Sept.
23,590
82,580
106,170
fntern’l A Gt. North’n .. .
207,936
243,772
8,384
39,658
31,274
Jan. 1 to Sept. 30— 1,175,930 1,425,764
Iowa C en tra l.......
1,623
5,758
66,303
36,244
7,381
Kanawha A Michigan....
167,883
130,566
. . . . . . . . Clev. Lor.1A Wheel... Aug.
12,379
5,389
203,259
204,091
7,768
Kan. City Clin. A Sprint
752,563
940,740
Jan. to Aug. 3 1 ....
18,079
93,580
75,501
Kan. City Ft. S. A Mem..
28,068
26,801
107,807
106,015
145 Det. Lans. A Nor.a.Sept.
........
3,856
3,711
Kan. City Sub. B elt......
134,553
171,317
802,101
903,185
Jan. 1 to Sept. 3 0 ....
3,964
57,758
61,722
Lake Erie A Western.
60,528
56,255
122,723
104,443
5,840 EdisonEl.Il.Co.,N.Y..Oct.
30.448
24,608
Louisv. Evansv. A St. L
533,49 1
441,124
956,667
20,865
384,340
Jan. 1 to Oct. 3 1 .... 1,090,112
405,205
Louisville A Nashville...
1,501
*78,293
94,346
54,889
56,393
Louis. N. Albany A Chic.
159,384
167,995
..
471 Georgia, a .to ...... ....O ct. 1,056,705 1,122,013 *299,555
7,792
288,779
7,321
Louisville St. L. A Texas.
Jan. 1
Oct. 31---1,310
29,505
*142,469
176,392
28,195
Memphis A Charleston..
442,541
455,293
July 1 to Oct. 3 1 ....
13,058
157,982
144,924
Mexican Central___
405,298
816,481
Illinois Central, a ..Sept. 1,585,260 2,170,817
6,260
78,350
84,610
Mexican National__
Jan. 1 to Sept. 3 0 .... 12,910,000 15,770,239 3,077,688 4,918,601
............
10,376
267,060
277,436
Mo. Kansas A Texas
1,049,282 1,970,468
July 1 to Sept. 3 0 .... 4.392.675 5,869,409
25,938
484,390
458,952
13,011
7,517
40,920
37,331
302
7,050
7,352
Ind. Deo. A West.. Sept.
67,259
86,074
6,794
297,375
340,187
69,145
62,351
Jan. 1 to 8ept. 30___
50,670
36,153
132,529
120,295
3,210
210.712
213,922
J u ly l toSept. 3 0 ....
Norfolk A Western.
101
17,296
1,642
13,509
17,397
Ohio River..... .........
78,654
84,673
Kan.C. Mem. A B .a .Sept.
1,816
17,163
74,508
77,453
18,979
Ohio Sputhern....... .
732,830
782,990
Jan. 1 to Sept. 30—
3,297
16,921
13,624
15,447
7,524
233,553
235,707
J u ly l to Sept. 3 0 ....
14,515
40,470
55,015
157,439
149,735
316,730
310,853
. . . . . . . . L.Erie A West’n.b..Sept.
1,687
5.917
7,604
2,449,566 2,695,433 1,052,217 1,103,876
Jan. 1 to Sept. 3 0 ....
. . . . .. .
1,700
35.90C
37,600
Rio Grande Western.
171,923
200,369
4,452 Nash.Ch. A St.L-b...O et.
425,998
394,683
20,911
16,459
.11,100
128,700
139,800
Jan. 1 to Oct. 3 1 .... 3.793.676 3,968,207 1,518,893 1,588,879
661.306
656,033
1,547,136 1,510,851
3,373
7,933
11,306
J u ly l to Oct. 3 1 ...
40,230
40,007
(Southern Railway—
80,973
79,505
Ohio River. b ........... Sept.
198,073
232,744
Richm’d A Danville ]
514,591
596,951
Jan. 1 to Sept. 3 0 ....
Char. Col. A A u g...
Deo. 168,537
Deo. 138,105
Pitts. C. C. A St. L...Oct.
Columbia A Green v.
4,405
Deo. 457,449
383,405
384,000
Dec.1,715,979
Jan. 1 to Oct. 31___
Georgia Pacific...-,
118.390
79,481
285,390
246,340
Pittsburg A Western.Oct.
EastTenn. Va.AGa.
380,820
303,431
968,842
July 1 to Oct, 3 1 ,... 1,005,698
Louisv. Southern—




THE CHRONICLE,

87b

[VOL. L1X.

-Net Earnings.—
-Gross Earnings .—
orado Midland and the St. Louis & San Francisco lines), the
1894.
1893.
1893.
1894.
net revenue for that year, after deducting taxes and rentals,
%
S
Roads.
1,972 also the over-statements referred to in m y special report of
7,902
7,402
1,618
Bag. Valley & St. L..Sept.
20,669 August 6, 1894, and likewise $805,050 for depreciation in
71,008
64,006
19,067
Jan. 1 to Sept. 30___
44,991
21,795
10,480 equipment (being the estimated cost of 552 cars and 8 locomo­
57,031
Sav. Amer. < Mont...Oct.
&
48,532
44,242 tives destroyed or worn out during the year, but not charged
412,664
376,481
Jan. 1 to Oct. 3 1 ....
40,432
20,390
150,230
168,526
July 1 to Oct. 31___
against revenue in the company’s accounts), was $5,956,614.
Southern Pacific Co.—
173,105
104,865 This, however, includes an instalment of $850,000 of the
321,494
419,507
Gal.H. & S.Aut.b..Sept.
809,113 . 692,868 Sonora Railway Company (of Mexico) subsidy which became
Jan. 1 to Sept. 30.. 2,944,971 3,036,411
80,809
67,295
43.076 due during the present year but has not yet been paid. A s
Louisiana West.b.Sept. 108,495
326,582
365Ì726 this was the last instalment to become due, and the subsidy
800,210
701,275
Jan. 1 to Sept. 30..
73,162 is now wholly at an end, the amount of subsidy which was
379,853
141,805
501,413
M’gàn’s La;& T.b..8ept.
535,164 included in the earnings of past years should be deducted in
692,979
Jan. 1 to Sept. 30.. 3,953,970 3,701,964
16.922
16,744 considering these earnings as a basis for a plan of reorganiza­
29,107
B .Y. Tex. & M ..b .. Sept.
T
29,347
53,722
179,611
62,257
Jan. 1 to Sept. 30..
178,584
tion, If the subsidy is deducted from the net earnings of the
57,041
120,503
52,976
Texas & N. 0 ..b ..S e p t.
139.403
439,159
593,527 last year, as above stated, the net earnings would be reduced
Jan. 1 to Sept. 30.. 1,102,532 1,318,865
299,448 to $5,606,614.
464,126
951,055
Atlantic s y s ..b ... Sept. 1,226,076
“ Treating the $5,606,614 as the sum available to meet the in­
Jan. 1 to Sept. 30 . . . 8,977,943 9,176,031 2,331,729 2,251,352
terest charges on the funded debt of the company, and con­
Pacific system.b..Sept. 3,027,421 3,291,870 1,222,198 1,642,93
Jan. 1 to Sept. 30.-22,338,937 26,241,807 8,125,445 10,137,26^ sidering the interest on the old outstanding unconverted secu­
Total of all.b....Sept. 4,253,497 4,242,925 1,686,324 1,942,379 rities $168,170, the interest on guarantee fund notes outstand­
Jan. 1 to Sept. 30. ...31,816,830 35,425,333 10,457,174 12,388,617 ing $516,800 (not includiog $395,000 owned bv the com pany),
294,587
547,605 equipment bonds $100,000, car trusts $5,880 (total interest
So. Pac. of Cal...... Sept.
792,705 1,002,411
Jan. 1 to Sept. 30.. 6,638,536 8,068,771 2,491,224 3,431,286 $790,350), as practically prior liens upon the property, there
78,040
64,879
152,589
So.Pac. of Ariz’a..Sept.
196,679
518,762 would remain the sum of $4,816,264 applicable to the interest
501,891
Jan. 1 to Sept. 30.. 1,478,334 1,492,781
3,434
70,877
26,233 on the $128,365,605 four per cent general mortgage gold bonds
So.Pac. of N. M.b..Sept.
81,445
80,560
260,016 outstanding in the hands of the public (not including $955,000
700,665
Jan. 1 to Sept. 30..
671,150
509,239
428,708 in the company’s treasury), or equal to 3 75 per cent on the
Southern Railway...Sept. 1,523,247 1,413,228
same. This is on the supposition that the present unfunded
Union P a cificUnion Pac. R y.-b .sep t. 1,498,014 1,607,011
622,721
763,587 or floating debt of the company will be otherwise provided for,
Jan. 1 to Sept. 30___ 10,609,775 12,776,083 3,278,300 4,811,067 and that the interest on such debt will not constitute a charge
132,697
Oreg. S. L. & U.N. fo. Sept. 485,733
415,455
167,417 on future revenue.
Jan. 1 to Sept. 30___ 3,678,834 4,518,818 1,026,179 1,707,544
“ The operating loss for the year ending June 30,1894, on the
82,222
31,449
18,243
St.Jos.& Gd. Isl.b.Sept.
62,523
144,049
229,167 St. Louis Kansas City & Colorado Railroad, a line 61 miles,
737,702
604,342
Jan. 1 to Sept. 30___
11,160 def.2,902 def 489 included in the general mortgage, was $95,824. I f this road,
Kan. C. & Om...b..Sept.
5.855
19.000 which is not an important one, had not been operated, the
124,793 def.19,946
Jan. 1 to Sept. 30__
78,202
42,203
20,267 $95,824 could have been added to the net earnings of the
9,681
Cent. Branch...b..Sept.
21,968
109,224
126,887 Atchison consolidated system, bringing them up to $4,912,088,
358,058
Jan. 1 to Sept. 3 0 ....
298,613
A tC h . C. & P aC . ) i - a fir>t
89 756
2,321
9,051 or 3'82 per cent on the general mortgage bonds The net
37,548
A t . J e w . C. &W. 5 ” -8ept3 J ,7 5 o
earnings would be still further increased to $5,253,489, being
11,352
24,465
386,016
Jan. 1 to Sept. 3 0 ....
277,907
4 ’09 per cent on the general mortgage bonds, by restoring
8,166
51,246
Montana U dìod . b.Sept.
35,207
10,81q thereto the sum of $341,401, which was deducted for the year
38,921
142,133
602,625
Jan. 1 to Sept. 30___
265,083
3,972 def.3,233 def.4,061 ending June 30, 1894, by reason of the contributions made by
Man. Alma & B .b .. Sept.
3,656
31,071 def. 10,776 def.20,645 the Atchison Company under the tripartite agreements be­
Jan. 1 to Sept. 3 0 ....
31,149
812,234 1,023,700 tween the Atchison Company, the Atlantic & Pacific and the
Grand Total. -b...-8ept. 2,266,162 2,392,506
Jan. 1 to Sept. 30....16,970,216 20,765,445 4,591,138 7,100,017 St. Louis & San Francisco Railway companies.
“ While, however, it may be said that substantially the in­
a Net earnings here given are after deducting taxes,
terest on the four per cent general mortgage gold bonds has
b Net earnings here given are before deducting taxes.
* Includiog other income, net for October was $79,239, against been earned from the Atchison system, every one conversant
$108,519, from January 1 to October 31 was $392,307, against with the facts knows that these earnings depend to some
$351,531, and from July 1 to October 31 $173,845, against $207,76 8 extent upon the maintenance of the integrity of the entire
Interest Charges and Surplus.— The following roads, in system, including its auxiliaries, the Atlantic & Pacific Rail­
addition to their gross and net earnings given in the foregoing, road, the Colorado Midland and the St. Louis & San Fran­
also report charges for interest, & c., with the surplus or defici t cisco Railroad. The revenue statements of these auxiliary
companies for the year ending June 30, 1894, will show the
above or below those charges.
severe drain upon the Atchison system that a continuance of
-Inter'l, rentals, <tc.~ -Bat. o f Net E arns.—
their present fixed charges would involve. Id will be observed
1893
1894.
1893
1894.
Roads.
$
$
that the total loss for that year on the Atlantic & Pacific (in­
32,758
10,198
8,382 cluding fixed charges on the existing basis) was $1,360,034 34,
Ohio. & West Mich..-Sept.
32,758
294,215 def.86,889 def.50,443
294,825
Jan. 1 to Sept. 30___
one-half of which is chargeable to the Atchison and one-half
26,242
def.234
559
Det. Lans. & Nor___Sept.
23,352
236,492 df.135,025 def.65,175 to the St. Louis & San Francisco. The loss on the Colorado
Jan. 1 to Sept. 3 0 ....
2>9,578
Kan. C. Mem. & Bir.Sept.
11,228
39,107 def.9,58 6 def.25,598 Midland, the whole of which is chargeable to the Atchison,
117,321 def.18,238 df.109,797 was $647,754 08, while the loss on the St. Louis & San Fran­
July 1 to Sept. 30___
33,685
54,673
99,879
95,06 2 cisco, also chargeable to the Atchison, was $599,661 98.
Lake Erie &West’n..Sept.
57,560
485,973
544,382
Jan. 1 to Sept. 3 0 ....
507,835
617,90w
“ On the results of the adjustment that may be reached with
122,184
41,191
78,185 these companies, if they are retained in the system, will de­
Nashv.Chat.& St.L...Oct.
130,732
148,733
487,962
July 1 to Oct. 3 1 ....
512,573
168,071 pend the real surplus available for payment of the interest on
3,557 def.1,939 def.1,585 the Atchison general mortgage four cent bonds, taking the
Sag. Valley & St. L..Sept.
3,557
32,012 def. 12,9 45 def.11,343
Jan. 1 to Sept. 3 0 ....
32,012
earnings for the year ending June 30, 1894, as a basis.”
A ug. 1 6 ,’ 93,
Month o f
July 1 to
Following are the statements for four years, as compiled by
Sept. 30, ’94. to Sept. 30,’ 94.
NORTHERN PACIFIC— September.
$4,743,002
$19,185,993 Mr. Little.
Gross earnings....................$2,203,423
2,896,464
12,957,603
Operating expenses............ 1,230,647
ATCHISON TOPEKA & SANTA PE CONSOL SYSTEM.

$1,846,538
Net earnings.................. $972,776
Miscellaneous income........................... 36,861 124,701

$6,228,390
618,289

Charges preced. 2d mort...

$1,009,637
546,790

$1,971,239
1,559,660

$6,846,679
6,708,856

Other charges.....................

$462,847
461,698

$411,579
1,385,534

$137,823
6,366,634

Surplus.$l ,149
def.$973,955 def.$6,228,841
N ote.—These figures include results on Branch lines.

ANNUAL

REPORTS.

Atchison Topeka & Santa Fe.
( M r . L ittle ’s R e p o r t. )
M

1893.
1892.
1891.
1894.
6,720
6,714
6,674
Miles operated............ 6,720
$
$
$
$
Gross earnings.......30,425,903 37,052,354 34,434,180 31,776,426
Operating expenses..22,733,016 25,264,452 23,805,266 22,427,843
Net earn ings..... 7,692,887 11,787,902 10,628,914
Add—

9,348,583

317,416
256,256

280,524
267,894

Total net............... 8,250,967 12,271,130 11,232,586
1,631,112
Bed. taxes and rent’ s. 1,989,203
1,692,093
Deducted by Mr. Lit­
2,194,758
1,449,635
tle (special report)..
♦298,667
»298,667
Deduet’ s forequipm’t 305,050

9,897,001
1,764,369
2,629,086
»298,667

8,085,608

7,853,173

5,204,880

90,000

90,000

Earn’gs from inv’ sts.
207,980
Sonora Ry. subsidy... t350,0D0

Applicableto inter’ st. 5,956,615
Deduct Interest Charges—

233,229
1250,000

90,000
Chic. & St. L. R y........
90,000
St.J. St. L& S. F. Ry..
430
430
490
1st m tg....... ............
480
407,822
420,000
420,000
Guar, fund notes......... 501,902
Equip, trusts “ A” .. >
aan
Car trusts....................5 lOo,88U Capitaliz’d. Capitaliz’d. Capitaliz’ d.
5,102,182
5,024,286
4 p. c. gen. mtg____ .... 5,181,240 5,121,908
1,992,160
1,587,791
Income bonds.___. . .
........
2,139,256
A & B bonds, 2d mtg. 2,488,059

From Mr. Little’s report are obtained the figures below pub­
lished of the earnings and charges of the Atchison properties
for the fiscal years ending June 30, 1894, 1893 and 1892. Mr.
Little has prepared these figures in what appears to him to be
the proper method to show the actual results from oper­
ating the system in each of the years named. Mr. Little’s
statement of floating debt for each 6f the companies follows Total int.on fu’d debt. 8,367,560
7,771,644
7,592,644
7,122,556
448,789
321,467
46,608
the tables of earnings. In introducing his tabulations Mr. Int. on unfunded debt. 597,207
Little makes the following remarks:
8,220,433
7,914,111
7,169,165
Total..................... 8,964,857
“ The revenue statement shows that, taking the Atchison
1,964,285
60,938
134,825
Deficiency under int. 3,008,242
Topeka & Santa Fe system above described, consisting of
♦Averaged. {Earned, not paid. {Already deducted in revenuein 1894
6,720 miles (but not including the Atlantic & Pacific, the Col-




THE

N o v e m be r 17, 1894.1
ST. tOUtS

&

CHRONICLE

SAN FRANCISCO RAILROAD.

(Ineluding one-half Wich. & West.)
1894.
1892.
1893.
1,327
1,327
.1,327
Miles operated..........
$
$
$
7,124,736
7,635,136
Gross earniDgs.......... 6,186,667
4,519,399
4,073,151
Operating expenses.. 3,960,616

1891.
1,327
$
6,806,727
3,895,213

Net earnings..—. 2,226,051
Earns, from invests.. deb.4,513

3,115,737
1,476

3,051,585
1,286

2,911,514
5,862

Total net earns... 2,221,538
425,620
Taxes and rental.......
Deduct,as per Mr. Littie’s special report.
66,750
Deduct for equipm’t..
“
improvem’ts.
32,716
“
inter, on unfunded d e b t............
24,258

3,117,213
373,307

3,052,871
349,353

2,917,376
328,498

206,829
*2,533
138,859

62,589
*2,533
77,494

68,000
*2,533
197,137

11,873

69,908

138,949

549,544
T ota l..... ..............
Applicable to int....... 1,671,995
Interest ch arges..i.. 2,271,657

733,402
2,383,812
2,268,388

561,877
2,490,994
2,179,483

735,117
2,182,260
1,981,555

Balance........... .def.599,662 sur.115,424 sur.311,511 sur.200,705
^Averaged.

( Already deducted in revenue in 1894.
ATLANTIC & PACIFIC RAILROAD.

1894.
947
$
Gross earnings........ 3,137,730
Operating expenses.. 2,962,995
Miles o p e ra te d .......

1893.
947
$
3,564,045
3,085,939

1892.
947
$
3,361,401
2,811,336

1891.
947
$
3,253,977
3,230,654

Net earnings........
Earns, from invest...

174,735

478,106
24,019

550,065

23,323
7,315

Total net earnings...
Deduct taxes & rent’ s
“ im plem ents..
“ for equip. &mi s.

174,735
617,530
38,948
115,071

502,125
624,565
105,871
19,500

550,065
620,681
10,657
44,137

30,638
617,524
113.759
19,500

D eficit..... ..................
Interest charges.......

771,549
596,814
763,220

749,935
247,810
761,220

675,476
125,412
770,423

750,782
720,144
883,650

1,360,034

1,009,030

895,835

1,603,794

Total deficitl........

tOne-half is chargeable to A. & P. and one-half to St. L. & 5. F.
COLORADO MIDLAND RAILROAD.

1894.
350
$
Gross earnings.......... 1,463,256
Operating expenses.. 1,341,589
Miles operated..........

Net earnings.......
Deduct tax. and rent.
“
improvem’ ts.
“
foreq. & mis.

121,667
158,351
10,091
792

T o ta l...................
169,234
Balance....................... def.47,567
Interest charges........
600,186
Total d e ficit......

647,753

1893.
350
$
2,140,006
1,798,377

1892.
350
$
2,103,600
1,540,017

1891.
350
$
1,968,287
1,386,899

341,629
180,633
165,876
8,777

563,583
166,873
147,537
24,471

581,368
130,710
128,038
33,250

355,286
338,881
291,998
def. 13,557 sur.224,702 sur.289,370
595,023
596,860
521,566
608,580

372,158

232,196

UNFUNDED OR FLOATING DEBT APRIL 30, 1894.
"(Including receivers’ debt, but not ¡including overdue and accrued interest, or
debt due from one company to another.^)

At.Top.AS.Fe.
consol system.

Hotes and loans
$
(securedby coll.) 4,961,554
¡Receivers’ notes..
7,872,669
12,834,223
3,684,635

St. L. A San Fran.
(incl.^aW.AW.)

$

Atlantic
APacific.

Colorado
Midland.

$

$

2^0,000
589,891

395,700
717,077

369,431

789,891
302,139

1,112,777
523,271

369,491
186,133

Net d e b t ............. *9,149,588
t487,752
*1589,506
183,358
Total unfunded debt, all the companies................................ $15,106,382
Gross oftsets.......................................................... .................... 4,696,179
Net unfunded debt.....................................................................$10,410,202
*Thereistobeprovidedfor,in addition,$680,128 car trusts,$2,000,000
•equipment trust 5s and $40,526 for locomotives for the So. Cal. Ry.
(There is also to be provided for, in addition, $43,767 for locomotives.
(There is also to be provided for, in addition, $1,048,126 for rolling
stock and locomotives purchased.
ITThe amount due from the Atlantic & Pacific RR. to the Atchison was
$5,889,535 and to the St. L. & San Fran. $6,894,200—$12,783,735;
•due by St. L. & San Fran to the Atchison $1,661,269; due by Colorado
Midland to Atchison $1,595,916; total $16,040,919. These claims are
■declared by Mr. Little to be worthless, and in his opinion should be
written off.

Kansas City Fort Scott & Memphis Railroad.
( R ep ort f o r the yea r ending June 30, 18 94 .)
E a rn in g s E n tire S ystem . — ‘ ‘In view of the depressed condi­
tion of business in this country, the result of the operation of
this system for the fiscal year cannot but be regarded as
favorable.” The following is a combined statement for the year
ending June 80, 1894, of the companv and its associated lines,
the Kansas City Clinton & Springfield Ry. Co. and the Current
River R.R. Co.
1894.
Gross earnings .............................................$4,891,201
Operating expenses ...................................... 3,453,167
Expenses, per cent of earnings.....................
(70 59)

Net earnings................................ ...........$1,438,034
Miscellaneous interest paid........
30,134
$1,407,900
Charges Bond and note interest .................................$1,393,218 '
Sinking funds..................................... . . : ..........
12,000J
Traffic Contract -K . C. M. & B. RR. Co.........
24,449;
S u rp lu s ........................................................




$1,339,667
$68,232

$1,500,011
12,008
$1,488,002
$1,337,987
$1,337,987
$150,014

877

Included in the foregoing statement are the deficits in earn­
ing fixed charges of the Current River RR. Co. and Kansas
City Clin. & Spr. Ry. Co. aggregating in 1894 $75,118.
Traffic w ith A ssociated L in e s. — The gross earnings of the
company on interchange freight and passenger business with
its associated lines were as follows :
1893-94.
1892-93.
Kansas City Memphis & Birmingham................ $348,718
$332,151
Kansas City Clinton & Springfield.....................
76,541
78,606
Current R iver........... .............
188,732
306,718
B o n d s, — Kansas City Springfield & Memphis RR. Co. 6 per
cent bonds to a total of $338,000 were due May 1, 1894, and
as that was not a favorable time to dispose of the consolidated
mortgage 6 per cent bonds in the treasury available for that
purpose, the necessary funds for their retirement were ad­
vanced by friends of the company.
Contracts. — April 1, 1894, a contract was made with the
Missouri Kansas & Texas Railway Co. for the joint use of
41 miles of Kansas City Fort Scott & Memphis track between
Kansas City and Paola, for a period of ninety-nine years, at
an annual rental of $30,000, the cost of maintenance of
tracks and taxes to be divided on the basis of wheelage.
There was also leased to th e.M . K . & T. Company the joint
use of the Kansas City freight terminals for a period of five
years, at an annual rental of $20,000; co3t of maintenance
and operation to be divided in proportion to cars handled.
Contracts with the Adam3 and Southern express compan­
ies, which expired May 1,1894, have been renewed for five
years, with a guaranty 17 per cent greater than fixed by the
previous contracts. A re-weighing of United States mails on
mail routes covering 262 miles resulted in an increase of
$4,156 per annum in mail pay.
Track, etc. — The mileage June 30, 1894, was as follow s:
Main line, 484; second main track, 8*83; branch lines, 186;
side tracks, 230; total, 909’72. The line is laid with the fol­
lowing weight of rails:
Main line, 484 miles, all steel. ,---- Branches, 186 miles.---- ,
75
67
60
56
56
52
45-56
P ou n d s___ 80
Miles.......... -03
20 171 102 191 133 steel. 9 steel. 44 iron.
B a lla stin g. —W ith the exception of 17 miles north of Fort
Scott, all of the main line between Kansas City and Memphis
is either wholly or partially ballasted. To complete the bal­
lasting in full there will be required 63,500 cubic yards of
broken stone and Joplin gravel, which is estimated will cost
in place $55,000.
E quipm ent. —There was added during the year the follow­
ing equipm ent: 10 freight engines, 4 passenger engines, 2
switching engines, 3 chair cars, 3 first-class coaches.
B etterm en ts. — The charges to operating expenses for the
year for betterment of the property were $183,903, as follows :
Ballast..........................
$67,083 Improvement charged to
Additional weight of rails
repairs buildings . ........ $16,048
................... 24,300 New' equipm ent............. 28,635
(900 tons)
New side tracks................ 11,837
New iron bridge w o rk ..... 36,000
$133,903
General Outlook.— The large decrease in the earnings of the
road in the last fiscal year is due to the general business de­
pression of the country. There are now good crops on all of
the lines, and there is anticipated a good local bud ness ; but
the export business and grain traffic to the Southeastern States
will probably be light as compared with Drevious years on
account of the failure of the corn crop in Kansas and Neoraska, which will also affect the lumber business.
Statistics o f Operations, etc. — Statistics of operations, etc,,
compiled for the C h r o n ic l e , show the following :
OPERATIONS AND FISCAL RESULTS.

1893-94.
1892-93.
1891-92,
1890^91,
Milesofroad June 30
670
670
670
670
Operations—
Pass, carried, N o ...
761,751
921,716
888,127
921,982
Pass, oariied 1 mile. 36,365,177 41,832,476 39,932,040 40,453,064
Rate per pass. perm.
2-24 cts.
2-16 cts.
2-33 cts.
2-32 cts.
Freight (tons) carr’d 2,525,089
2,939,426
2,604,186
2,451,548
Fr’ght (t’ns) car. 1 m.438,285,744 529.056,614 469,978,860 405,362,003
Rate per ton p. m .., 0-706 cts. 0-716 cts.
0-789 cts. 0-844 cts.
Earnings—
$ •
$
$
$
Passenger..............
816,143
903.778
929,079
940,126
Freight........... ......... 3,092,826
3,787,013
3,709,597
3,421,166
420,360
352,602
Mail, express, etc....
497,771
341,850
Total ................

4,406,740

5,111,151

4,991,278

4,703,142

Cond. transport’n ...
Car repairs. . . . . . . . .
Motive power___. . .
Main, of road, e t c ...
G eneral...................
New equipment.......
Taxes........................

755,507
359,623
803,351
611,263
397,136
28,635
182,038

907,592
460,124
987,564
799,800
442,354
37,500
168,000

842,355
409,030
912,269
820,162
461,524
30,000
159,334

776,999
384,179
812,380
813,660
440,067

T ota l.....................
Net earnings....
P.ct.of exp.to earns.

3,137,553
1,269,187
71-20

3,802,935
1,308,216
7440

3,634,674
1,356,604
72-82

3,389,218
1,313,924
72-06

Receipts—

1893-4.
$
1,269,187

1892-3.
$
1,308,216

1891-2.
$
1,356,604

1890-91.
$
1,313,924
11,803

Total n et...........

1,269,187

1,308,216

1,356,604

1,325,727

Int. on bonds, etc...
Dividends...............
Miscellaneous........
Kansas City M. & B.

1,059,259

1,053,193
(137,490
29,798
21,610

1,043,726
(219,984
45,758
22,160

1,030,841
*467,434
19,360
18,645

Expenses—

INCOME ACCOUNT.

Net earnings___. . . .
Other income........ .
Deduct—

42,134
24,449

161,929

T o t a l . . . ........... 1,125,812
1,242,096
1,331,628
1,536,280
Balance............. .
sur.143,345 sur.66,120 sur.24,976 def.210,553
{5 per cent on pref.
18 on pref
*8 on pref., 2 ^ on com.

87b

THE CHK01N1CLE.
BALANCE SHEET JUNE 30.

[VOL. L1X,

Atchison Topeka & Santa Fe.—Mr. Little’s complete report
1892.
upon the finances of this company was issued this week. It
$
29,881,182 contains, in addition to a large amount of detail of little28,623 interest to the general reader, statements of earnings and
414,333 charges for the last three fiscal years, made up according to Mr.,
369,732 Little’s understanding of what the facts require. These state­
154,289
419,800 ments, together with his remarks on the situation of the com ­
pany, and his compilation of the floating debt for the Atchison,
315,638
258*776 the St. Louis & San Francisco, etc., are given in a preceding col­
31,780,532
31,526,735 umn under the heading “ Annual Reports.” Id the editorial de­
9.997.000 partment we make some comments on Mr. Little’s treatment
9.997.000
2.750.000
2.750.000 of the company’s accounts.
17,147,000 17,194,000
— A joint executive committee for the reorganization of the
379,432
376,129
212,354
211,047 Atchison Topeka & Santa Fe Railroad Co. has been formed by
835,957
606,070 the representatives of the three existing committees, viz , the
general reorganization committee, the London committee of
bondholders and Messrs. Hope & Co. of Amsterdam. Edward.
8,203
8,023
450,586
384,466 King, the President of the Union Trust Co., which is the
trustee of the general mortgage of the Atchison Topeka &
Total liabilities................. , 32,522,225
31,780,532
31,526,735 Santa Fe Railroad Co., has been added to this committee, and
KANSAS CITY CLINTON & SPRINGFIELD RAILWAY.
made its chairman. The other members of the committee
Earnings—
1893-4.
1892-3.
1891-2.
1890-91. areas follows: R. Somers Hayes, Edward M. Gibbs, George
Freight......................
$216,495
$178,579
$272,382 G. Haven, Adrian Iselin, Jr., C. Sligo de Pothonier,
Passenger........ .
. . . 79,690
87,943
93,486
83,888
Mail, express, etc..
47,122
29,352 Robert Fleming, John Luden and Victor Morawetz. Edward
45,480
N. Gibbs has been made Vice-Chairman ; C . C. Beaman and
Total...................... ... $338,529
$351,560
$385,622 Victor Morawetz have been made Counsel, and Herman
$317,545
Operating expenses. . . . 209,427
228,360
221,856
245,255
Kobbe Secretary. The office of the committee will be at room
Net earnings............. ...$129,102
$123,200
$95,689
$140,367 619, No. 32 Nassau Street (the Mutual Life Building), New
Interest on bonds... . . . 163,660
163,744
163,660
177,664 York.
The joint executive committee, having received the detailed
Balance, deficit.......... $34,558
$40,460
$68,055
$37,297
report made by Mr. Little, has begun active work in the pre­
Third Avenue New York (Cable.)
paration of a comprehensive plan for the reorganization o f
(R e p o r t f o r the yea r ending October 3 1 ,1 8 9 4 . J
the Atchison and auxiliary lines.
— The directors held a meeting yesterday, at which the resig­
The stockholders of this company held their annual meet­
ing this week and received the report of operations below nation of directors Bonebrake and Wilder (elected temporarily
given. The effect of the cable, which was put in use Dec. 5, a week since) were accepted and Messrs. H. R. Duval and ex1893, on the company’s earnings, is very marked. The com­ Governor Osborn were elected in their place. Mr. Duval rep­
pany’s President is Albert J. Elias, and Alfred Lazarus is resents the Amsterdam interest in the property. The auditing
Secretary.
The old board of directors, with one exception, department of the Atchison Company has been removed
was re-elected for the ensuing year as follows: Henry Hart, permanently to the W est. The receivers, however, still main­
William Remsen, Silvanus S. Riker, Robert George Remsen, tain the office here for payment of coupons and other busi­
Robert W . Tailer, John E. Parsons, Edward Lauterbacb, ness, such as directors’ meetings.
Simon M. Ehrlich, Abraham Ayres, W illiam H . Webb,
Albany & Susquehanna.— Earnings for the quarter ending
Emanuel Lehman, Albert J. Elias, and Samuel Townsend.
Sept. 30, including the Lackawanna & Susquehanna, have
The last-named is anew member of the board.
been as follows:
Year ending Oct. 31—
1894.
1893.
Changes.
Gross
Net
Fixed
Balance,
Gross earnings.................. $2,007,804
$1,653,539
Inc. $354,265 3 mos. to
Cept. 30.
earnings.
earnings-J charges.
surplusOperating expenses...... .. 1,070,965
1,188,235
Dec. 117,270 1894..............................$1,032,632
$513,600 $296,618
$216,952
1 8 9 3 .......................... 1,111,182
521,545
294,291
227,254
Net earnings............. . I $936,939
$465,304
Inc. $471,535
Other in com e.................
26,633
92,303
Dec.
65,670
Boston & Maine.— The report for the quarter ending Sept»
Total......................... .. $963,472
$557,607
Inc. $405,865 30 shows the following, freight earnings in 1894 having in­
Charges...........................
328,467
248,539
Inc.
79,928 creased $168,615 while passenger earnings decreased $237,872
and miscellaneous $24,273.
Net income................ .. $635,005
$309,068
Inc. $325,937
Gross
Per c. o f
Net
Fixed
Balance,
Dividends................ .
240,000
Inc.
320,000 July 1 to
Sept. 30.
earnings.
op. exp.
earnings.
charges.
surplus.
1894............ $4,704,482
59-23
$1,914,919 $1,058,684 $*58,235
Surplus..... ...............
$75,005
$69,068
Inc.
$5,937
1894............ 4,798,011 67'08
1.579,873
1,053,524 526,349
The balance sheet of Sept. 30,1894, shows no change in the
GENERAL INVESTMENT NEWS.
outstanding capital stock, a reduction in funded debt of $4,000
and in loans and bills payable of $100,000.
American Bell Telephone.— A t the meeting of stockhold­
Called Bonds.— The following have been called for pay­
ers in Boston, Nov. 15, President Hudson, in answer to ques­
ment :
tions, replied that he supposed the Legislature had power to
N o r t h e r n P a c if ic .— Eight hundred and seventy-two gen­
direct the manner of issue of stock by private corporations,
but that he had never heard of it so doing. The company eral first mortgage bonds for $1,000 each ($872,000) have been
however could
issue
its stock
as
directed,
and drawn for payment at 110 and interest on presentation to the
eould remove from the ¡State just as well later as now if the Central Trust Company, New York, interest ceasing Jan. 1.
The numbers of the bonds drawn are given in our adver­
experiment was not a success. The company needed the in­
tising columns.
crease in the stock to extend its long distance lines to the
W est, Northwest and South and in developing sub-company
Central RE. & Banking Company of Georgia.— The re­
exchanges, etc. He said he could, however, speak with no organization plan expected this week is not yet ready for theconfidence what the result may be. The company is a Massa­ public, the details unofficially published being still open to
chusetts corporation. It has established its business here, modification.
established its relations with other* large interests here, its
Charleston Cincinnati & Chicago—Ohio River & Charles­
stockholders are here, something like 85 or 86 per cent, and it
would certainly be a grave matter to remove such an enter­ ton.— The Ohio River & Charleston Railway Co. has been or­
ganized as the successor of the Charleston Cincinnati & Chi­
prise to another State and establish its relations there.”
The following are the officers and
In view of that it seemed to the board that the best advice cago Railroad Co.
it could give the stockholders was to accept the act and make directors: President, Samuel Hunt, of Cincinnati; Secretary
and Treasurer J. J. Collier, of Philadelphia; directors, George
an experiment by issuing stock under it.
The following formal action was taken: Voted, that this H. Earle, Jr,, A. B. Loeb, Simon A . Stern, J. J. Collier (of
company do hereby accept the act passed by the. General Philadelphia), John Goldthwait, John C. Haines, R. M . Moss,
Court of Massachusetts in the year 1894, entitled, “ A n act to A . F. Freeman (of Boston), Job H . Jackson (of W ilm ington,
authorize the American Bell Telephone Company to increase Del.), Samuel Hunt (of Cincinnati) and S. J. Kirkpatrick (of
its capital stock,” bemg Chapter 544 of the Acts of that year. Jonesboro’, Tenn.)
Chesapeake & Ohio Southwestern—Louisville & Nash­
Voted, That the amount of the capital stock of this company
be and hereby is increased from $20,000,000 to $25,000,000, and ville. — The case of the Commonwealth against the Louisville
the number of shares therein from 200,000 to 250,000, each of & Nashville Railroad to prevent the acquisition of the Chesa­
peake & Ohio Southwestern was called in the Court of A p ­
a par value of $100.
peals at Frankfort,
American Steel Barge Bonds.—A t Buffalo, November 14, a the January term. K y ., on the 13th inst., and was passed tocertificate was filed with the Clerk of Erie County declaring
that the American Steel Barge Co. proposes to issue bonds under
Chicago & Alton.— The shareholders of the Louisiana &
a first mortgage aggregating $2,000,000. The stockholders, Missouri River Railway on November 13 ratified the agreement,
among whom are John D. Rockefeller, Charles W . Wetmore, under which a controlling interest in the stock is turned over
Alexander McDougall, A. D. Thompson, William Allen Butler to the Chicago & Alton. Siven-nintbs of the capital stock
and James B. Colgate, have given their consent, and the was represented and the vote was unanimous. The price pi id
Farmers’ Loan & Trust Company of New York will be trustee by the Chicago & Alton is $29 50 per stare of the par value of
of the mortgage, which covers all the property of the Barge $100. The ratification of this sale, it is understood, does no t
Company, and will secure the issue of 2,000 first mortgage change the status of the Louisiana & Missouri River property,
bonds of $1,000 each. The bonds are to be dated Jan. 1, 1894, The Alton has heretofore been operating the road under a
will bear 5 p. c. interest, and be payable in thirty years.
thousand-year lease.
1894.
Assets—
$
Road and equipment...........
30,108,229
Stocks ow ned............................
209,562
Materials...................................
372,649
Trustees’ accounts..... . ............
387.202
Cask......... ................ ................
202,205
Bills receivable..............
534,000
Temporary investments....... .
267,572
Balance open accounts..........„
440,805
Total assets........................ 32,522,225
Liabilities—
Common s t o c k ....,................... 9.997.000
Preferred stock............ 1 .......
2.750.000
Bonds (see Supplement) ........ 16,857,000
Trustees’ accounts....................
393,239
Interest due and accrued........
231,085
Bills payable............................ 1,022,607
K. C. Spr. & M. suspense acct..
338,000
Unpaid vouchers.......................
329,479
K. C. M. & B. accrued earns....
9,882
Income accou nt............. .
593,932




1893.
$
29,879,260
209,562
410,016
359,877
125,179
481,000

N ovember 17, 1*94.1

THE r/HKONinLF.

879

Balance sheet Sept. 30 showed no bills payable and a decrease
Cincinnati Extension—Alabama Great Southern.—The
•suit for the 6ale of the Alabama Great Southern stock, the of funded debt since June 80, 1894, of $111,887.
collateral securing: the Cincinnati Extension bonds, came up
Manhattan.— The report for the quarter ending Sept. 30 is
for a hearing at Cincinnati on Saturday last. The arguments below. “ The company has secured a writ of certiorari to re­
were presented and the matter now awaits the decision of the view the action of the Commissioners of Taxes in the matter
Court.
of personal tax for 1894 The proportion of taxes entered for
Comstock Tunnel.—The Comstock Tunnel Company has the recent quarter may thereby be reduced $70,000.”
Gross
Net
Other
Fixed
Balance,
revived its plan to solicit a temporary loan from stock and July 1 to
Sept. 30.
earnings, earnings.
income.
charges.
swplus.
bondholders to relieve the income of the company from the 1894........... *2,049,810 $799,174
*37,500
*660,227
$176,447
35,000
644,699 468,915
attachments in the pending suits against it in Nevada which 1893........... 2,379,420 1,078,614
were brought by San Francisco attorneys for legal services,
Ratio of operating expenses, 61*01, against 54*67 per cent.
the charges being deemed exorbitant by the company. The
The balance sheet shows no bills payable; cash, $393,818;
■earnings for October were over $5,000, which, however, are loans on call, $640,000.
unavailable for the present on account of the attachments.
A statement of earnings for the twelve months ending Sept.
The amount thus tied up to November 1 is about $16,000. It 30 was made to the stockholders at their meeting this week,
is proposed to deposit the sum subscribed with a suretv com­ but the company’s fiscal year ends as heretofore, June 30.
pany in New York, which will then execute a bo ad upon
In the board of directors elected this week George Bliss re­
some plan looking to the release of the attachments, thereby places J. Pierpont Morgan. The board is: President, George
making the Tunnel Company’s income available for current J. Gould; second Vice-President, F. J. Hain; Secretary and
expenses. The directors of the Tunnel Company will issue Treasurer, D. W . M cW illiam s; Executive Committee, Russell
notes, payable in two years or sooner, at the option of the Sage, Samuel Sloan, R. M. Gallaway and Edwin Gould: E x ­
■board, with interest at 6 per cent, which will be issued at a pense Committee, Russell Sage, R. M. Gallaway Edwin Gould
■discount of 25 per cent to subscribers.
and Howard Gould.

Delaware Lackawanna & Western Leased Lines.—The re­
port of earnings on the New York leased lines for the quarter
■ending Sept, 30, 1894, was as follows:
July 1 to
Gross
Per cent
Net
Fixed
Balance,
Sept. 30.
earnings, op exp.
earnings.
charges.
surplus.
1894........... *2,270,459
46-54
*1,213,777 $620,749 *593.028
1893........... 2,346,998
53-34
1,094,908
614,249
430,659

Mexican Central.— The Boston N ew s B u rea u says: “ The
Mexican Central Railway will probably show a deficit in gold
in earning its fixed charges for 1894 of something upward of
$700,000. Its deficit to July 1 was a little over $400,000. Up
to October 1 the company bad received au average price for
Mexican dollers of 51*786c., as against 62*02c. for 1893. Not­
withstanding all the difficulties the company has had to con­
Des Moines Northern & Western — A t Des Moines, la ., tend with, its financial condition is remarkably strong, and
Judge Wilson in the Federal District Court Nov. 9 entered a its earnings are constantly increasing through a steady growth
decision in the suit brought by the Metropolitan Trust Com- of business. The Mexican Central has to-day in bank about
-pany of New York to foreclose a mortgage for $2 891,000. The $460,000, and it has no bills outstanding beyond current bills
road was ordered sold Nov. 17, and George F. Henry of Des in the natural course of its business, and which will not exceed
Moines was named as commissioner.
$25,000 to $30,000. A t the present time its treasury assets are
Indianapolis Decatur & Springfield—Lake Erie & West­ as fo llow s:
*3.800,000
ern.— A meetipg of the holders of Central Trust Company- Cash in subsidy trust................................................ .
certificates for the first mortgage bonds of the Indianapolis Priority bonds, $5,597,000 at par, market value 1 1 0 ....... 5,597,000
Decatur & Springfield Railway Company was held at the
Total................................ ................. ............................ . . . . . $9,397,000
•office of Butler Stillman & Hubbard on Friday, and author­ Mexican Central 4s in treasury, *2,173,000 at 55............... 1,296,000
ized the bondholders’ committee to accept 130 with interest Income bonds in treasury, *500,000 at 1 2 ..................... .
60,000
66,000
from November 1 for their bonds.
I t is understood that Stockiu treasury, 11,000 shares at 6 . . . .............................
Vermilye & C o. have made a proposition to purchase the Tampico Harbor Co. advances............................................... 2,771,000
bonds in behalf of the Lake Erie & Western.
A mortgage
T o t a l........................................... ........................................ *13,590,000
will be placed on the property purchased and no increase of
“ Against this are notes payable of $1,000,000, the same as
Lake Erie & Western capital stock will be made.
The pur­
chase will reduce the capitalization per mile of Erie & W est­ for the past three years. This $1,000,000 is borrowed out of
ern from about $32,000 to $26,000 of common and preferred the above $3,800,000 cash in subsidy trust, and against the loan
are the Mexican Central 4s with a good margin. The Mexican
stocks.
Central will shortly receive from the Tampico Harbor C om ­
Kansas City Pittsburg & Gulf—Texarkana & Fort Smith pany Tampico Harbor Company bonds for the full amount of
— The Texarkana & Fort Smith has been merged and formally
tbe advances, and these bonds will be worth par.”
consolidated with the Kansas City Pittsburg & Gulf. The
[In regard to the priority bonds, included above among the
latter company will issue its bonds at the rate of $25,000 a assets it may be explained that while the entire-loan for $7,mile on the T. & Ft. S., the extension of which will be rapidly
000,000 was paid off in April, 1891, only $1,548,643 of the
pushed to a connection with the K . C. P. & G. The contract
bonds were required by the terms of the consolidated mort­
for the construction of the road has been let to the Arkansas gage to be canceled. The balance of the loan, amounting to
•Construction Co. The K . C. P. & G. has in the last eighteen $5,597,000, was “ purchased for investment for account of,
•months completed about 120 miles of road without incurring and deposited with, Trustee,” the cost of the same , being
any floating obligations.
$6,122,646. This is shown in the annual report for 1891.1
Kansas City Snburban B elt.— The Supreme Court of Kan­
Minneapolis & St. Louis.—The income mortgage bonds due
sas has decided the case of the crossing of the Union Terminal January 1,1891, and all unpaid coupons attached, will be paid,
Railroad Co. of Kansas City over the tracks of the Union
with interest thereon, at the Central Trust Company of New
Pacific and the Missouri Pacific in favor of the Union Terminal York. Interest ceased Nov. 13, 1894. This payment is made
Company.
in accordance with the reorganization plan.
The case originated with a proceeding Instituted before the State
Board of Railroad Commissioners to condemn a right of way over the
Newberry Maximum Freight Law.—The Nebraska maxi­
-Union Pacific and Missouri Pacific tracks. The Board, after mum freight law, which has been hung up in the courts by in­
hearing all the evidence, decided that the Union Terminal
had the right to cross the tracks of the other two com­ junction for a year and a-half, has been declared to be in­
panies and awarded them damages. The Union Pacific and Mis­ operative by Justice Brewer of the United States Supreme
souri Pacific took no appeal or any other step to prevent the Terminal Court.
The decision was made public November 12 through
•company from taking advantage of the award and the latter proceeded
with the work of construction on either side of the other companies’ the United States District Court in Omaha. The injunction to
tra.cks. Later the Union Pacific and Missouri Pacific applied to a prevent the State Bjard of Transportation from putting the
•subsequent Board for a rehearing of the case. After some delay the law into effect was applied for on the ground that the law
Board decided that it could reopen thecase, whereupon the Union
Justice Brewer, however, holds that
Terminal Company began suits of injunction against tbe Board, the was unconstitutional.
But he declares that the rates
last case being in tbe district court of Wyandotte County, whichdecided the law is constitutional.
"that the Board could rehear the original case. From this decision named in the law are too low, the reduction from the rate3
the Terminal Company appealed to the Kansas Supreme Court now charged being excessive. On this ground he declares that
on a hill of exceptions and the decision of that court
is in substance as follow s: The decision and award of the Railroad the law must remain inoperative until such time as the earn­
Commissioners is final unless an appeal he taken within the prescribed ings of the roads will justify the proposed cut in rates.
¡time (four months), which in this case was not done; after a hearing
New York & Canada.—Earnings for the quarter ending Sept.
and an award, the authority of the board ends. After a company
seeking a crossing has made large investments in construction under 30 have been as follows:
such award, it is entitled to the remedy of an injunction against a re­
Balance,
Fixed
Net
Gross
opening of the case or any interference with rights it may have ac­ 3 mos. to
deficit,
earnings,
charges.
Sent. 30.
earnings.
quired under the decision.
*77,470
*8,552
$88,918
1894.................................$235,963
This decision, which enables tbe Union Terminal Co. to 18 9 3..........................
20,583
77,029
56,446
246,852
■complete the link in its line, and carry out the original project
New York Ontario & Western.—The report for the quarter
of reaching the packing houses and other industries in the
ending Sept. 30 is as below, the ratio of operating expenses
western section of Kansas City, it is expected will result in
being 63*79 per cent against 64*17 per cent in 1893.
largely increased earnings for the Kansas City Suburban Belt
Balance,
Other
Fixed
Net
Gross
system, of which the Union Terminal is the western July 1 to
surplus.
charges.
income.
earnings, earnings.
Sept. 30.
•section.
$168,716
$18,840
*232,887
$1,057,170 $382,763
1894......
194,866
229,661
18,840
405,687
1893....... . 1,132,129
Long Island.— The report for the quarter ending Sept. 30 is
New York & Rockaway Beach.—This company reports the
as follows, the ratio of operating expenses being 54*92, against
following earnings for the quarter ending Sept. 30:
-57*04 per cent:
Gross
Net
Other
Interest,
Balance,
July 1 to
Gross
Nil
Other
Fixed
Balance, 3 mos. to
Sept. 30.
earnings, earnings, income.
taxes, etc.
surplus.
Sept. 30.
earnings, earnings.
income,
charges.
surplus.
$82,892
$650
$14,133
$69,409
1894.............*1,405,472 *633,475 *66,398 *288,586
$411,237 1894................. $149,976
79,673
625
13,124
67,174
893............... 1,450,515 623,147
51,448
258,825
415,770 1893................. 149,592




880

THE CHRONICLE.

New York Pennsylvania & Ohio.—A meeting of the first
and second mortgage bondholders of the New York Pennsyl­
vania & Ohio was to be held in London Friday, November 16,
to receive the report of the voting trustees ; also to
confirm modifications in the lease to the Erie, and to author­
ize the adoption of a plan for the reconstruction of the com­
pany’s finances. The voting trustees have issued a statement
respecting the company’s relations with the New Y ork Lake
Erie & Western. After the failure of attempts to compel the
Erie receivers by legal means to pay the company its rentals
the trustees concluded to acquiesce in the position thus cre­
ate d._ The bondholders are asked to consent to certain modi­
fications in the lease. They secure an increase in the mini­
mum rent from §1,757,054 to $2,000,000 and the application of
the $100,000 per annum, now used in improving the line, to
the payment of interest on bonds to be used for that purpose.
W ith regard to the adjustment of the financial affairs of the
company, the trustees submit a scheme for the renewal of the
prior lien bonds for forty years at not more than A.% per cent
interest, thus reducing the interest by at least $120,000 a year.
Further capital for improvements to be issued to an amount
of $2,000,000 at 5 per cent, to be part of a $5,000,000 bond issue,
$8,000,000 to be reserved for future requirements,"but not to
be issued before 1900 or without the sanction of the first
mortgage bondholders. The first mortgage bonds are to be
extended to 1940, and only such interest as is earned will be
paid. The first mortgage bonds will also be subordinate to
the new capital to be created. The 1895 coupons are to be
funded and the deferred warrants are to be exchanged for
first mortgage bonds carrying coupons from January 1, 1896.
The junior securities will be left undisturbed. The trustees
state that the plan has been formulated after lengthy confer­
ences, and is believed to be the best plan practicable under
the circumstances.
New York Stock Exchange—New Securities Listed.— The
f olio wit g have been added to the New York Stock Exchange
list:
S o u t h e r n R a i l w a y .— $ 2 1 ,9 1 1 ,0 0 0 fir s t c o n s o l i d a t e d m o r t g a g e 5
p e r c e n t c o u p o n g o l d b o n d s o f 1 9 9 4 , a n d r e g i s t e r e d b o n d s i n t o ■which
s a m e m a y b e c o n v e r t e d ; $ 4 , 5 0 0 , 0 0 0 E a s t T e n n e s s e e r e o r g a n i z a t io n
l ie n 4 -5 p e r c e n t c o u p o n g o l d b o n d s o f 1 9 3 8 , a n d r e g i s t e r e d b o n d s i n t o
w h i c h s a m e m a y b e c o n v e r t e d ; $ 1 1 9 ,9 0 0 ,0 0 0 v o t i n g t r u s t e e s ’ c e r t i f ­
i c a t e s f o r 1 ,1 9 9 ,0 0 0 s h a r e s , r e p r e s e n t in g c o m m o n s t o c k ; $ 5 0 ,0 0 0 ,0 0 0
v o t i n g t r u s t e e s ’ c e r t i f ic a t e s f o r 5 0 0 ,0 0 0 S h a re s , r e p r e s e n t in g 5 p e r c e n t
n o n - c u m u l a t iv e p r e f e r r e d s t o c k .
S o u t h e r n R a i l w a y ( V i r g i n i a M i d l a n d ).— $ 7 ,6 3 5 ,0 0 0 m o r t g a g e
s e r ia l b o n d s , a s f o l l o w s : $ 6 0 0 ,0 0 0 S e r ie s 1 ( A ) , $ 1 , 9 0 0 ,0 0 0 S e r ie s 2
( B ), $ 1 ,1 0 0 ,0 0 0 S e r ie s 3 (C ), $ 9 5 0 ,0 0 0 S e r ie s 4 (D ), $ 1 , 7 7 5 , 0 0 0 S e r ie s 5
(E ) , $ 1 ,3 1 0 ,0 0 0 S e r ie s 6 <F».

Southern R ail w a y (Colum bia & G r e e n v il l e ).—$ 2,000,000 first
m ortgage bonds o f 1916.
S o u t h e r n R a i l w a y (W e s t e r n N o r t h C a r o l i n a .)— $ 2 , 5 3 1 ,0 0 0 fir s t
c o n s o l id a t e d m o r t g a g e 6 p e r c e n t g o l d b o n d s .
S o u t h e r n R a i l w a y ( G e o r g i a P a c i f i c ).— $ 5 , 6 6 0 ,0 0 0 f ir s t m o r t g a g e
g o ld b o n d s.

Southern R a il w a y (R ichmond & D a n v il l e )—$ 3,239,000 deben­
ture bonds.
L ake E r ie & W estern R a il r o a d .—$ 300,000 additional second
m ortgage 5 per cent gold bonds o f 1941.
St . L ouis A lton & T e r r e H aute R a il r o a d —$ 1,170,800 com ­
m on stock fo r conversion.
O r e g o n S h o r t L i n e R a i l w a y .— $ 7 , 5 0 6 ,0 0 0 C e n t r a l T r u s t C o m p a n y
e n g r a v e d c e r t i f ic a t e s o f d e p o s i t f o r f ir s t m o r t g a g e b o n d s .
N e w Y o r k & N e w J e r s e y T e l e p h o n e C o m p a n y . — $9 1 0 ,0 0 0 g e n ­
e ra l m o r tg a g e 5 p e r c e n t c o n v e r t ib le g o ld b o n d s.

Oregon Pacific.— This road will again be offered for sale at
Corvallis, Oregon, December 22, under the decree of fore­
closure of April 27, 1891. The sale is ad gertised in an other
column of this issue.
Philadelphia Germantown & Chestnut ¡H ill.— This com­
pany has filed notice at Harrisburg, Pa., of its increase in
the capital stock from $1,000,000 to $2,000,000.
Pittsburg Akron & Western.—A dispatch from Akron, O.,
says certain creditors of the Pittsburg Akron & Western Rail­
road Company petition that foreclosure sale of said road be
set aside on the ground that the mortgage to the Central
Trust Company is illegal. The attorneys give 33 reasons for
nullifying the sale.
Rennselaer & Saratoga.— Earnings for the three months
ending Sept. 30 have been as follows:
3 mos. to
Gross
Net
Fixed
Balance,
Sept. 30.
earnings,
earnings.
charges.
surplus.
1894.................................$708,798
$347,350 $299,331
$48,019
1 8 9 3 .................... .
689,462
303,742
295,578
8,164
Southern Railway.— The new securities of the Southern
Railway Company were listed this week on the New York
Stock Exchange.
The application to the Stock Exchange
gives very full particulars as to the reorganized company.
W e abstract the following :
Under the teims of the plan of reorganization, it is estimated that of
the first consolidated mortgage 5 per cent bonds now to he issued,
about $8,000,000 bear interest from July 1 ,1 8 9 4 ; $4,000,000 addi­
tional from January 1,1895; $2,000,000 additional from July 1,1895.
and $7,911,000 additional from January 1, 1896, making a total of
$21,911,000 from January 1,1896.
.The plan of re-organization, as carried out, estimated the fixei
charges (excluding bonds which may he issued to acquire the Cincin­
nati Southern and Alabama Great Southern interests) at $4,100,000
for 1894, $4,700,000 for 1895 and $5,400,000 for 1896. It is fully
believed that said scale of fixed charges will he found to he weil
within the net earnings of the eompny.
This first consolidated mortgage already constitutes a first lien on
railroads or on first mortgage bonds of railroads represent­
ing about 900 miles. By the reservation of bonds to retire all the out­
standing bonds, the equipment liens and to acquire the leased line
stocks, it is expected that it will ultimately become a first lien, cover­
ing about 4,500 miles. It will also cover all the additional propertv
to he acquired with the $20,000,000 reserved bonds.
The mortgage has been drawn with great care in order to afford
exceptional protection to the bondholders.
The company is entirely free from floating debt. Pursuant to the
terms of the voting trust agreement, there have been delivered to the




[VOL. LIX,

voting trustees 1,199,000 shares common stock, of $100 each, and
500,000 shares preferred stock, of $LOO each, out of 600,000 shares
authorized, of the Southern Railway Company, and they are now is­
suing their trust certificates therefor. A statement as to the voting
trust was published in this column last week, and an abstract of th&
mortgage was given in the C h r o n i c l e of November 3.

Staten Island Rapid Transit.— The report for the
ending Sept. 30 is as below.
July 1 lo
Gross
Ratio
Net
Fixed
Sept. 30.
earn’gs. of op. ex. earn’as.
charges.
1894....................$380,939 4»-7
$195,437
$83,101
1893.................... 363,906
47 4
188,901
82^191

quarter
Balance,
surplus.$112,336
106,710-

Staten Island Rapid Transit—Baltimore and Ohio.—
It is understood the stock in the new Rapid Transit Ferry
Company is to be divided into two equal parts, 50 per cent to
be given to the successful bidders for the franchise, repre­
sented on the board of directors by General Thomas R. Ryan,
Henry Rogers and Howard Carroll, and the other half to be
held by the Rapid Transit Railway Company, represented by
Thomas M. King, James Sloan (both directors of the Balti­
more & Ohio), J. Frank Emmons and Frank S. Gannon. The
ninth member of the Board, Alexander D Shaw, is inde­
pendent of either interest. This adjustment of the ferry
question is reported to give general satisfaction. It secures a
five cent ferry fare for all railroad passengers.

Toledo St. Louis & Kansas City.— Receiver Callaway
of this company is reported as talking cheerfully about
the future of the road.
Its gross earnings, he is quoted
as saving, are improving, and as he has scaled the operatingexpenses down to a minimum, he looks for better net earn­
ings. A ll surplus money that the road now earns will go intoimproving the property.
There are now more than 300 men
employed in the company’s shops at Frankfort, and the shops
are working eight hours a day for five days in the week.
The receiver reports the following receipts and disbursement»
from May 22, 1893, to October 31, 1894:
Receipts—
Disbursements—
Cash, May 23, 1 8 9 3 ....
$7,863 Accounts prior to May
Accounts prior to that
$586,43922,1893 .............
date....................
168,882 Current accounts......... 3,310,965Current accounts........ 3,745,219
T ota l...................
$3,897,404
T ota l. . . . . . . . . . . . . . . . . .$3,921,964
Cash Oct. 31,1 8 9 4 $ 2 4 , 5 6 9
U lster & Delaware.— The report for the quarter ending
Sept. 30 is as follows:
JtdyX to
Gross
Net
Other '
Fixed
Balance„
Sept. 30.
earn’gs.
earn’gs.
income.
Oh irges.
surplus.
1894...............$145,178
$54,848
$54
$27,950
$26,952'
1893............ 154,203
70,172
447
28,250
42,369

Union Pacific—Kansas Pacific — The Reorganization Com­
mittee of the Kansas Pacific 6 p. c. consols informs participants
to the agreement that in the suit against the trustees of the
consolidated trust the.Supreme Court of New York has limit­
ed the time to November 19 for the defendants to plead, and
has ordered the cause upon the New York equity calendar.
The time for bondholders to sign the agreement is extended'
to November 20, after which date a penalty of 1 per cent will
be required from any non-as3enting bondholders.
United Lines Telegraph.— In the foreclosure action
brought by the Farmers’ Loan & Trust Company as trustee
against the company on bonds issued in 1885, on which there
is now a default of $1,538,574 principal and interest, Judge
Beach in Special Term of the Supreme Court thi3 week signed
a judgment directing a sale of the company’s property which*
is situated in other States. Of the purchase price $15,000 mustbe paid in cash and for the rest bonds of the the company
may be taken.
Wheeling & Lake Erie—Valley of Ohio.—The Wheeling
& Lake Erie Company has called a meeting of stockholders,.
December 22, to act upon the acquisition of the Valley Rail­
road of Ohio, and to authorize an issue of $5,000,000 of com ­
mon stock. The meeting will also act upon a recommenda­
tion in favor of building a line from Massillon to C m ton , for
the purpose of making a new connection with the Valley
Road. The present connection is at Valley Junction, but
another from Massillon may be desirable, in order to avoid the
use of that portion of the Valley Road from Canton to
Valley Junction, which is covered as a first lien by the V a l­
ley Company’s second mortgage bonds.
There is also said
to be under consideration a proposition to extend the W heel­
ing line into the coke region, a distance of about eighty miles.
The Valley Railway bonds owned by the City of Cleveland have
been deposited with the reorganization committee.
[The
Cleveland City sinking fund has held $131,000 of the first 7s. |
— Mr. Chas. F. Mayer, president of the Baltimore & Ohio
Railroad Company, has notified the committee of bondholders
of the Valley Railroad of Ohio that was appointed at the
meeting held at the offices of the Home Insurance Co., that a
•plan of reorganization of the Valley Railroad is being pre­
pared, and will soon be announced, which he believes will
fayorably commend itself to all classes of security holders.
Wisconsin Central.— The United States Circuit Court yes­
terday authorized the issue of $2,000,000 two-year 6 per cent
receivers’ certificates.
The proceeds of the sale will replace
the $446,000 due from the Northern Pacific, the cost of sup­
plies and materials bought when the Northern Pacific lease
was abrogated, provide for improvements, and liquidate the
debt for permanent improvements and equipment accounts
outstanding September 1893, when the lease was broken.
It
is stated that the floating debt being thus liquidated, the
pledge of $2,000,000 Treasury assets will be released and wilt
be deposited as collateral for the receivers’ certificates.

THE CHRONICLE.

N o v em ber 17, 1894.]

%hz (§ommzxtml
COMMERCIAL

mzs.

EPITOME.

881

C O T T O N .
F r i d a y N i g h t , November 16, 1894.
T h e M o v e m en t o p t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 369,462 bales,,
against 394,662 bales last week and 429,443 bales the previous
week; making the total receipts since the 1st of Sept., 1894,
,004,854 bales, against 2,405,713 bales for the same period of
1893, showing an increase since Sept. 1,1894, of 599,141 bales.

Night, Noy. 16,1894.
A more cheerful tone is noticeable in the markets for gen­
eral merchandise. Buyers are still unwilling to enter into
extensive operations, partly no doubt in consequence of the
near approach of the end of the year, but negotiate with
greater promptness and confidence so far as natural trade
Wed. Thurs. Fri.
Tues.
Mon.
Total.
Recdtfns at—
Sat.
wants may suggest purchasing supplies. Speculation in
Galveston........ 11,475' 21,107 9,706 12,795 21,344 10,000 86,427
staple commodities has been of more animated character,
........
........
4,208
4,208
and there are evidences that some of the apparently Velasco, & c___
cheap
articles
commence
to
attract
buying
for New Orleans.. 19,398 29,318 26,697 20,891 13,808 20,691130,803
850 3,603 1,007 1,002 10,070
2,278 1,330
lengthy investment. No crops exposed to weather condi­ Mobile............
........
...... ......
731
731
......
tions have suffered damage during the week, but on the con­ Florida.............
trary snow-falls in the W est and Northwest have proven of Savannah........ 9,073 7,916 8,798 4,481 3,674 6,523 40,46«>
......
......
3,964
........
benefit to fall-sown grain. There has been a slight increase
. . . . . . 3,964
Brunsw’k.&o.
in the marketing of corn, but the movement of wheat is Charleston....... 4,423 3,764 3,274 2,771 3,818 4,057 22,107
slow. Carefully prepared returns indicates that the feeding of
......
........
........
........
Pt. Royal, &o. ........
wheat to cattle has been upon a very extensive scale, but is Wilmington.... 1,569 1,744 1,449 1,506 1,424 1,304
8,998
now falling off somewhat in consequence of addition to
34
34
Wash’ton, &c.
available supplies of corn. A better export trade has been Norfolk............. 3,427 6,141 3,557 5,083 4,891 4,24s 27,347
done in grain, stimulated by a shrinkage in the movement of
West Point... 2,511 6,082 4,052 2,929 2,560 3,147 21,281
European crops. Latest information indicates that previous
2,248
........
........ 2,248
......
N’port N., &c. ........
fears of damage to domestic rice crop will be confirmed. The New Y ork........
2,738
423
600
921
789
Superintendent of Public Works has ordered the closing of Boston.............
......
......
........
........
......
. . . . ..
the canals in this State at midnight November 80th.
......
4,186
........
........ 4,183
mmm
Baltimore........ mmm . . ....
Lard on the spot has had a limited call and prices have made Philadelph’ a &c
3,862
132
637
414
502
209 1,968
a slight advance, closing steady at 7*55c. for prime Western,
7^ @ 73 ^c. for prime City and 7*80c. for refined for the Conti­ Tot’ls this week 54,333 80,159 58,885 55,073 54,084 63.893Ì369.462
nent. The speculation in lard for future delivery at this
The following shows the week’s total receipts, the total sine
market has been q net, but prices advanced early in the week Sept. 1, 1894. and the stock to-night, compared with last year*
in sympathy with the rise in corn, but later heavy receipts of
Stock.
1893.
1894.
swine at primary points caused a decline.
Receipts to
This Since Sep. This Since Sep. 1894. 1 1893.
D AILY CLOSING PRICES OP LARD FUTURES.
Nov. 16.
Week. 1,1893.
Week. 1,1894.
Sat.
Mon. Tues.
Wed. Ihurs.
Fr>
November.......................... 7-45
7*70 7-60
7-50
7-60
7-55
D ecem ber....«.......... .
....
. . . . ____
7-45
7'55
7‘47 Galveston... 86,427 715,793 52,786 483,134 226,258' 172,613
-----January.............................. 7*45
7-70 7-50
7-45
7-60
7*50 Velasco, &o.
........
15,081
22,043
1,994
4,203
Pork has met with a slow trade but prices have been New Orleans 130,803 933,039 82,518 696,398 347,648 275,739
31,176.
22,275¡
85,361
8,066
without change, closing steady at $18 75@$14 50 for mess, Mobile.......... 10,070
89,071
.......
6,239
11,994
930
$14@$16 50 for short clear and $13 50@$13 75 for family. Cut Florida........
731
meats have been taken in limited quantities at steady values, Savannah... 40,465 483,076 50,130 480,255 150,728 136,391
14,500
closing at 7@ 7% c. for pickled bellies, 12@10 lbs average, 8 % a
>
10,392
35,416
51,925
8,479
Br’ wiek,&o
3,964
88,401
9% c. for pickled hams and 5% c. for pickled shoulders. Beef Charleston.. 22,107 199,428 18,822 178,036
73,484'
has been quiet but steady, closing at $S@$10 for packet, $10^
....!
39,306
8,551
$12 for family and $17"3!$19 for extra India mess. Wilmington..
34,719.
28 ,353 '
93,565
8,996 127,448 11^091
Beef hams have advanced to $17@$17 50.
Tallow has
....
186
73
Wasn’n, &c
34
281
been quiet and without change at 4% c. Lard stearine has Norfolk....... 27,347 152,239 27,333 181,635
88,679
45,325
further advanced to 9% c. Oleosteariue has also advanced,
38,157 J 20,053
75,954
West Point 21,281 106,019 13,327
closing steady at 7@ 734c. Cottonseed oil has been in better
2,6957,189
8,204
11,652
2,364
N’p’tN.,&o
2,248
demand and stronger, closing firm at 25@26c. for prime crude New Y ork ...
5,131
83,947 156,252
10,335
3,186
2,733
and 31 % c. for prime yellow. Butter has been'moderately ac­
17,000
10,052
18,000
56 5,362
tive and steady, closing at 15@26c. for creamery. Cheese has Baltimore...
19,698
26,388
13,906
L973
24,670
4,186
sold freely at firm prices, closing at 8 \ £ ^ ll % c . for State fac­
9,927
8,848
8,955
25,949
1,536
Philadel.,&0 ; 3,862
tory, full cream. Fresh eggs have been in better supply and
Totals.......369,462 3,004.854'299,571 2,405,713 1.092,492 1,067,848
weaker, closing at 22@22%c. for choice Western.
Raw sugars have become exceedingly quiet again, and
In order that comparison m ay be made with other years, we
although held at about former valuation, prices are nominal.
Centrifugal quoted 3%o. for 96-deg. te3t and muscovado at
1890.
1889.
1891.
1892.
1893.
3c. for 89-deg. test. Refined sugars have fallen back into Receipts at— 1894.
dull conditions, but held steadily at former rates; granulated Galves’n,&o.
36,042
56,016
31,086
55,533
90,635
54,780
quoted at 4% c. Spices slightly more active. Teas quiet.
82,154 105,20066,991 124,510
New Orleans 130,803
82,518
Coffee has received good and more general attention, which
12,841
11,460
9,937
8,223
8,066
Mobile........
10,070
served to stimulate the line of value. Rio quoted at 15%c. for
42,705
50,666
38,270
Savannah...
50,130 39,355
40,465
No. 7, good Cucuta 18% @ 18 % c. and interior Padang at
23,051
15,953
21,631
20,548
27,373
22,107
28% @ 24c. Contracts for future delivery have been covered Char*ton,&o.
8,399
7,718
9,350
16,287
11,164
9,030
freely on the near positions and the entire market was stimu­ Wilm’ton,&o
23,241
23,89B
29,620
15,449
27,333
27,347
lated although a great many long holdings were sold at the Norfolk.......
17,284
15,466
18,108
16,268
23,529
16,191
advance and at the close the pressure is weakening the tone W. Point,&o.
19,192
20,804
25,653
24,109
21,966
15,476
All others...
somewhat. The following were final asking prices:
Nov........ ......... 1395o. F e b ........___ 12 35c. May..................ll'8 0c. Tot. this wk. 369,462 299,571 262,768 325,714¡ 266,044 288,617
D e c . . . . . . . . . . . . 13-20e. March.............. 12-15c. 8 e p t ...« ..« .....l l ,55c.
Jan...................12’65o. April........... . . . l l ’BOo.
Since Sept. 1 3004,^54 2405,713 2211,457 3159,461 2 9 16,l6ll2808,306
Kentucky tobacco has been quiet but steady.. Sales 150
The exports for the week ending this evening reach a total
hhds. Seed leaf tobacco has had only a limited call but of 236,094 bales, of which 115,804 were to Great Britain, 18,675
prices have held steady. Sales for the week were 1,875 cases to France and 101,615 to the rest of the Continent. Below are
as follows: 175 cases 1892 crop New England Havana, at 16@> the exports for the week and since September 1, 1894.
42c.; 200 cases 1893 crop New England H ivana, at 5%3|12c.
From Sept. 1, 1894 to Nov. 18.1894
Week Ending Nov. 16.
200 cases 1893 crop. State Havana, 6 $ 8c.; 350 cases 1893
Exp irte 1 to —
Exported to—
Exports
crop, Zimmers, ll @ 1 2 c .; 450 cases 1893 crop. Wisconsin Ha
Conti­
Great
Conti­ Total
Great
from —
vana, 5@9c.; 300 cases 1892 crop Wisconsin Havana, ll@ 1 2 c .
lota l.
BriVn. France nent. Week. Britain. France nent.
100 cases 1891 crop Gebharts, 10c., and 200 cases sundries
5,876 14,036 47,314 208,585 97,656 124,434 428,675G a lv e s to n ....... 27,402
4 % @ 2 0 c ; also 500 bales Havana, 65c.(3!$ L05,
18,174
18,174
2,700
2,700
The trading in the market for Straits tin has been quiet but V elasco, & c....
New O rle a n s .. 31,291 11,462 44,507 90,260 231,370 115,378 153,239 501,987
prices have made no important changes, closing steady 14'50c
24,299
3.899
28,198
4,474
536
3,938
M obile & P e n .
Ingot copper has been quiet and unchanged, closing dull at S a v a n n a h ....... 4,694
9,137 178,674 198,556
10,745
18,742 23,486
9'50c. for Lake. Lead also has been without changes of im
19,045
7.679
26,724
B run sw ick.......
portance and trade has been slow, closing at 8,12^@ 3'15c. for C h arleston *. .. 11,430
2,100
66.415 148,122
79,607
6,160 17,680
91,082
23,332
67,750
domestic. Spelter has been quiet but steady, closing at W ilm in gton .
23,805
23,805
10,557
3'32% @ 3 35c. for domestic. Pig iron has been in fair request N o rfo lk ............ 10,657
16,467
16,467
8,489
8,483
W e st P o i n t . .. .
at steady prices, closing at $9 75@$13 for domestic.
2,836
2,836
.........
N’p ’t N ew s, &c
Refined petroleum has beenunchangedat5'15c. in bbls.,2 65c
66,286 176,400
8,741
7,271 18,119 101,873
9,503
1,337
New Y o r k . ..
in bulk and 6'25c. in cases; crude in bbls. has been quiet
431
40,473
40,041
100
4.278
4,373
Washington closing at 6c. in bbls. and 3 50e. in bulk; naphtha
53,322
33,788
100
18,434
7,774
400
7,374
B altim ore.. . ..
5 % c . bid. Crude certificates have been quiet, closing at 82% c
10,173
1,349
8,824
1,016
817
199
P h iladelp’a ...
1
bid. Spirits turpentine has been quiet and without decided
T o ta l.............. 115,S04 18,675 101,615¡233,094 806,763¡233,112 j 725,118 1,784,993
change, closing steady at 28 % c .@ 28 % c . Rosins have declined
to $1 30@$l 37% for common and good strained. W ool has T otal. 1893— 108,750 6.845 44.073! 159.668 732.698 178 415 1 477,839 1,388,950
been quiet but steady. Hop3 dull but steadily held.J
* in c lu d in g P o r t R o y a l,




F r id a y

882

THE CHRONICLE,

In addition to above exports, our telegrams to-night also
'give us the following amounts of cotton on shipboard, not
«cleared, at the ports named.
W e add similar figures for
New York, which are prepared for our special use by Messrs,
ILambert & Barrows, Produce Exchange Building.

[VOL. L IX ,

Th e S a l e s a n d P r ic e s o f F u t u r e s a r e s h o w n
fo llo w in g com p reh en sive table.

bv

th e

®»

ON SHIPBOARD, NOT CLEARED— FOR

Nov. 16 at—
•New Orleans...
•.Galveston*.......
Savannah........
Charleston.....
M obile.............
N orfolk............
New York........
'Other p o r t ___

Great
Other Coast­
Britain. France. Foreign wise.
44,810 23,857 45,317
68,698 17,454 29,849
8.000
None. 20,000
6.500 None. 14,300
10,000 None. None.
20,000 None.
5,000
6.500
3,200 11,400
29,000 None. 25,000

Total.

Leaving
Slock.

1,842 115,626
3,604 119,605
3,000
31.000
900
21.700
None.
10.000
4,700
29.700
None.
21,100
None. 54,000

232,022
106.653
119,728
51,784
12,275
15,625
67,847
83,827

Total 1894... 193,508 44,311 150,866 14,046 402,731

689,761

Total 1893... 209,966 36,261
Total 1892.., 126.923 43,464

712.405
750,921

95,303 13,913 355,443
98.420 17,737 286,544

^ T h e total sales for for ward delivery for the week are 862,000
bales. For immediate delivery the total sales foot up this week
1,024 bales, including — for export, 624 for consumption,
— - for speculation and 400 on contract. The following arc
the official quotations for each day of the past week—
'November 10 to November 16.
Rates on and off middling, as established Nov. 22 by th-*
Revision Committee, at which grades other than middling
m ay be delivered on contract:
f a i r . . . . . . ............ ..........e. lt t on. Good O rdinary.............c.
o9.
Middling F a ir............
7% on. Good Middling Tinged.. .
Eve n.
Btriot Good Middling...... 13 on. Strict Middling Stained.. 732 oft
Good Middling................... 516on. Middling Stained............. 7,a oft
Strict Low Middling........ 3le oft. Strict Lo w Mid. Stained.. 2932 0 ft.
Low Middling.................. 718 off. Low Middling Stained.... 1^8 oft.
Btriot Good Ordinary....... 1316 off.
On this basis the prices for a few of the grades would be as
follow s:
UPLANDS.

Sat.

M on Tues W ed

Good Ordinary..........................
Low Middling............................
Middling.....................................
Good Middling..........................
Middling Fair............................

41«

47.6
51«
59ie
57s
67.6

GULF.
Good Ordinary............... ..........
Low Middling...........................
Middling.....................................
Good Middling.................
Middling Fair............................
STAINED.
Low Middling.............................
Middling.....................................
Btriot Middling..........................
Good Middling Tinged.......... .

4^16
53ie 51«
ÄSg
59,6
51516 5 7s
67, „
6*3

Th.

4<fl
514
5316
51116 538
6
515ie
61s
4916

F r i.
412

m
S5»
515,6
èia

Sat. M o il T u e s W e d T h .

F r i.

4%
57,6
57s
63ie
6%

4Hlf 41% 43i
53g
57l6
519
513le SIBie 57ä
614
618
6316
6 U 16 6>316 6%

434
57.6
5 78
63.6
6%

Sat. M o n T u e s W e d T h .

F r i.

4U16
538
513lf
6is
6Ulft

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5

. 5-31
,400
» 5 33

Speculation in cotton for future delivery at this market
lias shown spasmodic animation, with a few sharp fluctua­
tions in value. Indications of outside capital seeking cotton
Cfor investment have prevailed, but the demand was not suffi­
cient to provide for the surplus of supply over the outlet pro­
vided by home consumers and exporters, and the general
market fails to secure positive support. The current week
opened on Saturday with the Agricultural Bureau report,
which was interpreted as indicating a considerable increase
X)f lint per acre over last year, and the influence proved de­
pressing, with 4 points decline. Monday’s market was unset­
tled, but finally closed at a net Iqss of 6 @ 7 points under un­
promising European advices and strong selling pressure,
the prices of the day having recorded the lowest point
yet made. During Tuesday a slightly firmer tone prevailed,
finally resulting in 3 points net gain, which was followed on
Wednesday by an excite d and buoyant market, resulting in an
advance of 20@21 points. That sharp change was stimulated
by an alarm and liberal covering among the shorts, who ap­
peared to be influenced by stronger advices from Liverpool
•and New Orleans. Yesterday, however, the reports from
both the South and Europe were tame again, the local de­
m an d became exceedingly indifferent and an attempt to
.realize upon recent long ventures served to force a decline of
12 points, closing weak. To-day the tone has been irregular,
-but generally easier, and another fractional decline is shown
finder a free crop movement for the week. Cotton on the spot
is dull at 5% c. for middling uplands.

I9

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43l6
414
4 Î4
4516 414
5*16 518
53,e 53,6
518
514
513,2 5 H32 Ölig,. 5is38 513, 2 51*32
I9
I9
I 9:
I9:
I 9:
5Sg
588
5916 5*16 511,6 55g
I I
MARKET AND SALES.
The total sales of cotton on the spot and for future delivery
’* Includes sales iu September, for September, ¿ 8 , 100 ; Septembereach day during the week are indicated in the following October, for October, 229,600.
The following exchanges have been made during the week:
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on •21 pd. to exeb. 700 Jan. for May. -47 pd. to exoh. 100 Dec. for Aug.
11 pd. to exch. 800 Jan. for Mch. *20 pd. to exob. 100 Nov. for Mcb.
same days.
•10 pd. to exeb. 300 Jan. for Mcb. -35 pd. to exeb. 1,000 Deo. for J’ ne.
•11 pd. to exeb. 200 May for July. *41 pd. to exob. 1,000 Deo. for July.
SALES OF SPOT AND CONTRACT.
•10 pd. to exeh. 200 Mcb. for May. ’23 pd. to exob. 300 Jan. for May.
SPOT MARKET
Sales of
•11 pd. to exeb. 100 Mcb. for May. 06 pd. to exeb. 100 Mch. for Apr;
CLOSED.
Ex­
Con- SptCr Con­
Futures. •06 pd. to exeb. 300 Mcb. for Apr. -03 pd. to exeb. 100 Nov. for Jan.'
port. sump. ul'Vn tract. Total.
*22 pd. to exeb. 400 Jan. for May.
T h e V is ib l e S u p p l y o f C o tto n to-night, as made up by cabl e
<Sat’d a y. Dull and easier..
265
265
77,100
Monday Dull at im dec..
153
40C
553 154,700 and telegraph is as follows. The Continental stocks, as well as
__
Tuesday Dull....................
137,300 those for Great Britain and the afloat are this week’s returns,
Wed’daÿ Dull at le adv...
220,200
’Tbù.r’d’ÿ Dull at li« dec..
110
110 15L900 and consequently all the European figures are brought down
.Friday.. Dull and easy,..
....
96 . . . .
. ...
96 120,800 to Thursday evening. But to make the totals the complete
figures for to-night (Nov. 16), we add the item of exports from
*>Total.
....
624 . . . .
400 1,024 862,010 the United States, including in it the exports of Friday only.




883

LHE CHRONICLE

N o v e m be r 17, 1894.]

1891
1893.
1892.
1894.
Stock at Liverpool........ bales. 718,000 812,000 1,163,000 832,000
8,000
7,000
8,000
7,000
Stock at London......................
Total Great Britain stock. 725^000 a 19,000 1,171,000 840.000
3,800
2,800
8,000
24,000
Stock at Hambur
78.000
92.000
137,000 126,000
Stock at Bremen.“ ............
16.000
17.000
13.000
9,000
Stock at Amsterdam...............
400
100
200
Stock at Rotterdam......... .
200
5.000
4.000
9.000
Stock at Antwerp............
13,000
201.000
Stock at H avre.,....................... 326,000 336,000 318,000
10,000
10.000
5.000
5,000
Stock at Marseilles ..................
36.000
43.000
18.000
Stock at Barcelona..................
38,000
6.000
9.000
8.000
8 ,000
Stock at Genoa.........................
24.000
17.000
21,000
Stock at Trieste.......................
22,000
582,200 544,200 512,900 380,200
Total Continental stocks.
Total European stocks. . . . 1,307,200 1,363,200 1,683,900 1,220,200
8,000
45,000
33,000
26,000
India cotton afloat for Europe.
665,000 604,000 823,000
Amer. cott’n afloat for Europe. 826,000
________ ______________ jr_
46,000
47,000
60,000
50,000
Egypt. Brazil,&o. ,aflt f or E’r’pe
Stock in United States ports.. 1,092,492 1,067,848 1,037,465 1,211,362
Stock in U. S. interior towns.. 400,554 388,676 326,081 466,921
United States exports to-day.
24,604
41,630
32,622
43,549
Total visible supply.. . . . . . 3,704,850 3,618,354 3,777,068 3.841,032
Of the above, totals of American and other descriptions are as follows:
Liverpool s to ck .........b a le s . 587,000 640,0001,005,000 648,000
Continental stocks.............
446,000 439,000 380,000 254,000
American afloat for Europe. .. 828,000 665,000 604,000 823,000
United States sto ck ................ 1,092,492 1,067,848 1,037,465 1,211,362
United States interior stocks.. 400,554 388,676 326,081 466,921
United States exports to-day.
24,604
41,630
32,622
43,549
Total American........
3,576,650 3,242,154 3,386,168 3,446,832
East Indian, Brazil, die. —
Liverpool s to ck ....................... 131,000 172,000 157,000 184,000
8,000
8,000
7,000
London stock...............
7,000
Continental stocks_ _____ . . . 136,200 105,200 132,900 126,200
_
26,000
33.000
45.000
India afloat for Europe.............................. 8,000
50,000
60.000
47.000
Egypt, Brazil. <fee„ afloat........................... 46,000
Total East India, <fec.......... 328,200 376,200 390,900 394,200
Total A m e r ic a n ............ 3,376,650 3,242,154 3,386,168 3,446,832
Total visible supply.......... 3,704,850 3,618,354 3,777,068 3,841,032
3d.
47i(jd.
4i3jgd.
47jgd.
Middling Upland, Liverpool..
5®gc.
8 *©c.
9*>ic.
8* .
80
Middling Upland, New York..
4*ad.
5*2(1.
5*sd. 5Hied
Egypt Good Brown, Liverpool
5 Hid.
6 *sd.
63igd.
9d,
Peruv. Rough Good, Liverpool
3*sd.
49,6d.
413,6d.
4Hd.
Broach Fine, Liverpool. . . . . . .
3ii6d.
4^d.
43id.
45ied.
Tinnevelly Good, Liverpool..
j g p The imports into Continental ports the past week have
been 225,000 bales.
The above figures indicate an increase, in the cotton in sight
to-night of 86,496 bales as compared with the same date
Of 1893, a decrease of 72,218 bales from the corresponding
date of 1892 and a decrease of 138,183 bales from 1891.
A T t h e I n t e r io r T o w n s the movement— that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893— is set out in detail below.

Q u o t a t io n s f o r M id d l in g C o tto n a t O t h e r M a r k e t s . - —
J
Below we give closing quotations of middling cotton at South-'
em and other principal cotton markets for each day of the week »
Week, ending
Nov. 16.
Galveston...
New Orleans
M obile... . .
Savannah..
Charleston.
Wilmington
N orfolk.....
Boston.......
Baltimore..
Philadelphia
Augusta. . .
Memphis...
St. Louis. . .
H ouston...
Cincinnati.
Louisville..

CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

Satur.

Tues.

Mon.

5*16
5

4 78
4 78
4 78

4 78
5*16
5
5*6
5®8
5*2

4 * B 18

4 * « ,e
4 78

Fri.

Thurs.
5
5*16
5 V
415.6
5
5
5*16
511.6
53s
6
g i.
5*16
8 *1«
5
5*4
53.6

5
51.6
47
s
4*5,6
5
5
5
59.6
53a

5
478
47s

She

4 1 5 16

Wednes.

5
51,6
5
478
5
5
5
5%
53s

5
5
5
5
5«8
59.6
538
53s
6
6
5*5,6
6
515.6
5
5
5*16>
4*5,6
51.6
5
415le
5
5
415.6
5*16
5
5
5
5116
4 5 16
5
4*5,6
5
5
5*4
59ß
5*4
5*4
53a
5 3 ,«
53,«
53.6
55.6
55ie
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
4 *510 Little R ock ....
Atlanta..........
45s N ew b erry......
5
4% Raleigh..........
Montgomery...
Columbus, Ga. 4%
47s Selma................ 5
Nashville........
Columbus, Miss 45g
47s Shreveport..... 41*16Eufaula......... 4*1,6 Natchez.........
R e c e ip t s f r o m t h e P l a n t a t io n s .— The following table>
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
Receipts at the Ports. St’fc at Interior Towns. Rec'vts from Plant’n»,
Week
Unding—
1893. 1 1894.
1892.
1894.
1893.
1894. 1892.
1893.
1892.

Oct.
*
•
“

Nov.
“
1

259,128
270,733
290,170
293,552
265,619
262,766

12.......
19.......
2 6 . ,. . .
2 .......
9 .......
16.......

264,598
286,789
358,238
334,762
296.141
299,571

315.816
381,131
397,676
429,443
394,662
369,462

225,870
259,990
288,774
3J1.031
326,015
326,081

188,723
227,101
276,982
321,560
313,158
388,676

190,402
233,898
274,265
323,725
371,127
402,219

298,765
804,853
319,254
325,809
270,603
262,832

296,359 354,30»
325,167'424,627
408,119 438,043s
379,340 478,903
317,739l442,064
315,089I400,554

The above statement shows: 1.— That the total receipts from
the plantations since Sept. 1 in 1894 are 3,349,788 bales; in
1893 were 2,718,223 bales; in 1892 were 2,438,904 bales.
2 .— That although the receipts at the outports the past week
were 369,462 bales, the actual movement from plantations w as
400,554 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 345,089 bales and for 1892 they were
262,832 bales.
O v e r l a n d M o vem en t f o r t h e W e e k a n d s in c e S e p t . 1.—
W e give below a statement showing the overland movement
for the week and since September 1. A s the returns reach us
by telegraph late Friday night it is impossible to enter s p
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. • This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Nov. IS'
and since Sept. 1 in the last two years are as follows:
1893.

1894.
ifU
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COOQD^Ö*©1
* Louisville figures “ net” in both years
t This year’s figures estimated,
j Last year’s figures revised.
The above totals show that the interior stocks have increased
during the week 31,092 bales and are now 13,543 bales m ore than
at sam*3 period last year. The receipts at all the towns have
been 77,288 bales m ore than same week last year and since
Sept. 1 are 706,172 bales m ore than for same time in 1893.




51,850
25,159
933
13,337
9,676
4,140

Total gross o v e r la n d .......... 105,095
Deduct shipments—
Overland to N. Y ., Boston, &c.. 10,781
2,828
Between interior to w n s ..........
1,684
Inland, &o.,from South............
15,293

_ .
W eek.

Bine*
gept. 1.

274,243 135,316
114,395 12,703
545
807
1,159
4,818
47,326
7,186
45,310
4,982
35,247

157,689"
62,244
980
3,77819,905
28,641
23,957

518,225 65,812

297,394

61,510 12,557
2,374
8,854
3,014
26,135

38,0446,852
23,279»

17,945

65,175

96,499

Leaving total net overland*.. 89,802| 421,726 47,867 232,018
*Inoluding movement by rail to Canada.
1 Revised.
The foregoing shows that the week’s net overland movement
this year has been 89,802 bales, against 47,867 bales for the
week in 1893, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 189,707 bales*.

Ç<
Qi
b

I f --H O -1 » i 1W -4 W M lf -t O © W l f - ® tOtOOO-l W©OOO0 OO|^CO©(» M H
-

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J
©JOJOJJ © _
| ib. QO©
“ m œ x 05wee © -iv ® © M
.
J
# .< - 4 H | V A s © _ ce 05É 05.......... I
© „
©

Via St. Louis..............
71a Cairo........... .
Via H an n iba l..... . . .
Via Evansville..........
Via Louisville........... .
Via Cincinnati...........
Via other routes, &c.

T otalto he deducted.

lfb—ÉÎ.©f‘ 00t0©Wlb>b>®05®O>©©0500-q®aD0CO©0D®l0l-‘ <Jlb'

h*

Shipped—

Week.

Since
Sept. 1.

1894.
In S ight und S p in ners’
Takings.

7

Week.

Since
8ept% i .

1893.
_ .
W eek.

Since
Sept. i .

Receipts at ports to Nov. 16-....... 369,462 3,004,854 299,571 2,403,713'
Net overland to Nov. 16............. 89,802 421,726 47,867 232,019
Southern consumption to Nov. 16 21,000 190,000 20,000 183,000
Total marketed. . . . . . .
Interior stocks in excess.

480,264 3,616,580 367,438 2,820,732;
344,884 45,518 312,510
3 1 ,0 9 2

412,956
Came into sight during week. 511,356
3,133,242.
3,961,464
Total in sight Nov. 1 6 ...........
Worth’ nsplnnerstak’ gsto Nv. 16

........

697,498

........

417,040*

It will be seen by the above that there has come into sight,
during the week 511,356 bales, against 412,956 bales _for ^th©.
same week of 1893, and that the increase in amount in sight
to-night as compared with last year is 828,222 bales.

884

THE CHRONICLE.

W e a t h e r R ep o r ts b y T e l e g r a p h .— Reports to us by tele­
graph this evening denote that the temperature has been
lower in some sections of the South during the week and that
killing frosts have occurred in a number of districts. Picking
and marketing of the crop has progressed rapidly, the rainfall
having been light generally.
G alveston, l e x a s . — It has rained on one day of the week,
the precipitation reaching forty hundredths of an inch. The
thermometer has ranged from 47 to 77, averaging 62.
P a lestin e, T exa s. — There has been rain on one day of the
week, the rainfall reaching five hundredths of an inch. A v ­
erage thermometer 54, highest 76 and lowest 32.
H u n tsville, T exa s. — The weather has been dry all the week.
The thermometer has averaged 57, the highest being 74 and
the lowest 40.
D allas, l e x a s . — Dry all the week. The weather has been
fine for picking, and it has been rushed in some localities.
From Grapevine there are reports that only some remnants
remain in the field, but in other sections of the State a great
deal of the crop is still ungathered. The frost with freezing
weather over the northern portions of Texas killed the top
•crop generally, hence cotton has stopped fruiting. Rain
would be injurious to cotton, as it would reduce the grade of
that standing in the field. Farmers have gathered some corn
■during the week and the greater proportion of the crop is
saved. The thermometer has averaged 52, ranging from 28
to 76.
S a n A n to n io , T e x a s. —W e have had no rain all the week.
The thermometer has ranged from 46 to 84, averaging 65.
L u tin g, T exa s. — Dry weather has prevailed all the week.
Average thermometer 58, highest 76 and lowest 40.
C olum bia, T exa s. — W e have had rain on one day of the
week, the rainfall being twenty-two hundredths of an inch.
The thermometer has averaged 58, the highest being 78 and
the lowest 38.
Cuero, T exa s. — It has been dry all the week. The ther­
mometer has averaged 60, ranging from 40 to 80.
B renham , T exa s. — There has been but a trace of rain during
the week. The thermometer has ranged from 40 to 76, aver­
aging 58.
B elton , T exa s.— Cotton has been almost all picked and
marketed.
Two northers occurred this week, but they were
of short duration. W e have had dry weather all of the past
week. Average thermometer 57, highest 76, lowest 38.
F o r t W o r th , T exa s. — There has been no rain all the week.
The thermometer has averaged 54, the highest being 78 and
the lowest 29.
W ea th erford , T exa s. — It has been dry all the week.
The
thermometer has averaged 55, ranging from 30 to 80.
N ew Orleans, L ou isia n a . — Rain has fallen on one day of the
week, the rainfall reaching twenty-four hundredths of an
inch. The thermometer has averaged 55.
Shreveport, L ou isia n a . — W e have had rain on one day of the
week, the precipitation being two hundredths of an inch.
The thermometer has ranged from 33 to 72, averaging 52.
Colum bus, M ississip pi. — Rain has fallen on one day during
the week, the precipitation reaching five hundredths of an
inch. Average thermometer 44, highest 66, lowest 18.
Leland, M ississip p i. —Telegram not received.
M eridian , M ississip pi. — Picking is about finished. The re­
cent frosts killed all the top crop. It is estimated that about
fifty per cent of the crop in this section has been marketed.
The thermometer has ranged from 26 to 70, averaging 49.
L ittle B o ck , A rk a n sa s. — Telegram not received.
H elen a, A rk a n sa s. — Picking is progressing rapidly. There
has been no rain the past two weeks, but there are indica­
tions of it now. The thermometer has averaged 46‘4, the
highest being 66 and the lowest 24.
M em ph is, Tennessee.— D r y weather has prevailed all the
week, but now rain is threatened. Picking and marketing
are active. Ice formed on Sunday and Monday mornings.
Forest fires are raging throughout this section, but no damage
to cotton is reported as yet. The thermometer has averaged
44 *3 and ranged from 24 3 to 65 5.
Nashville, Tennessee.—W e have had only a trace of rain the
past week. The thermometer here has ranged from 13 to 62,
averaging 40.
M obile, A la ba m a . — Picking is making good progress. W e
had light rain on one day of the week, to the extent of ten
hundredths of an inch. Average thermometer 50, highest 66
and lowest 29.
M o n tgom ery, A la ba m a . — Rain has fallen on one day of the
week, the precipitation reaching twelve hundredths of an
inch. The thermometer has averaged 47, the highest being
58 and the lowest 36.
Selma, A la ba m a . —There ha3 been rain on one day of the
week, the precipitation reaching twenty-two hundredths of
an inch. The thermometer has averaged 46, ranging from 22
to 66.
Colum bus, G eorgia. — Rain has fallen on one day of the
week, to the extent of twenty-three hundredths of an inch.
Average thermometer 45, highest 57, and lowest 25.
S ava nn a h , G eorgia .—There has been rain on one day of the




rvoiii Lix.

week, the rainfall being fourteen hundredths of an inch.
Average thermometer 50, highest 67 and lowest 31.
A u gu sta , G eorgia. — It has rained lightly on one day of the
week, the precipitation reaching twenty-five hundredths of
an inch. The thermometer has averaged 44 and has ranged
from 25 to 61.
Charleston, South C a rolina. —There has been rain on one
day of the past week, the rainfall being two hundredths of
an inch. Tne thermometer has ranged from 33 to 65, aver­
aging 51.
Stateburg, South C arolina. — Killing frosts were general on
Sunday, Monday and Tuesday. There has been rain on one day
during the week, the precipitation reaching twenty-nine
hundredths of an inch. The thermometer has averaged 46*3,
the highest being 64 and the lowest 28.
W ilso n , N orth C arolina. — W e have had rain on one day of
the past week, the rainfall reaching thirty hundredths of an
inch. The thermometer averaged 44, ranging from 28 to 56.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock November 15, 1894, and Novemberl6, 1893.

New Orleans___
Memphis............
Nashville...........
Shreveport........
Vicksburg..........
* Above low-water mark.

zero
zero
zero
zero

of
of
of
of

gauge.
gauge.
gauge.
gauge.

Nov. 15, ’94. Vo®. 1 6 ,’ 93.
Feet.
Feet.
3-7
20
*3-2
0-9
00
n -8
2-d.
4-7
*10
5-1

I n d ia C otton M o vem en t F r o m a l l P o r t s .— The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Nov. 15.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.

Shipments this week. Shipments since Sept. 1.
Great Conti­
tear Great Conti­
Total.
Brit’n. nent. Total. Britain nent.
1894
1893
1892
1891

2,000
5.000
3.000
2.000

2,000
5.000
3.000
2.000

5.000
5.000
3.000
3.000

17.000
55.000
51.000
39.000

Receipts
This
Since
Week. Sept. 1.

22,000
60.000
54.000
42.000

3.000
10,000
9.000
8.000

31.000
93.000
43.000
79.000

According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
7,000 bales and a decrease in shipments of 3,000 bales, and
the shipments since Sept. 1 show a decrease of 38,000 bales.
The movement at Calcutta, Madras, and other India ports f c r
the last reported week and since the 1st of September, for tw o
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipments for the week.
Conti­
nent.

Great
Britain.

Shipments since Sept. .
Great
Britain. Continent.

Total.

Calcutta—
1894........
1893
..................
M adras1894
..................
1893
..................
All others—
.................. 3,000
1894
2,000
1893
..................
Total a l l 1894
.................. 3,000
2,000
1893........

Total.

3.000
2.000

2,000
1,000

5.000
3.000

10,000
9,000

8,000
5,000

18,000
14.000

3.000
2.000

10,000
15,000

18,000
17,000

28.000
32,000

3.000
2.000

23.000
26.000

28,000
23,000

51.000
49.000

The above totals for the week show that the movement from
the ports other than Bombay is 1,000 bales m ore than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1894, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL IN D IA.

Shipments
lo all Europe
from—

1894.
This
week.

1893.

Since
Sept. 1.

This
week.

Since
Sept. 1.

1892
This
week.

Since
Sept. 1.

Bom bay.. . . . . .
lllotherports.

2,000
3,000

22,000
51,000

5.000
2.000

60,000
49,000

3.000
4.000

54.000
47.000

Total.........

5,000

73 000

7,000

109,000

7,000

101,000

A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .— Through arrange­
ments we have made with Messrs. Davies, Benachi & C o ,, of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The follov ing
ire the receipts and shipments for the past week and fot the
oorresponding week of the previous two years.
Alexandria, Egypt,
November 1 a.
Receipts (cantars*)....
This w eek....
Since Sept. 1 .

1894.

1893.

280,000
1,1S8,000
This Since
week. Sept. 1.

230,000
1,096,000
This Since
week. Sept. 1.

1892
370,000
2,236,000
This Since
week. Sept. 1.

Exports (bales)—
i’o Liverpool............ 12,000 58.000 10,000 58.000 34.000 125,000
To Continent............ 9,000 67.000 9,000 50.000 7,000 50,000
Total Europe____ 21,000 125,000 19,000 108,000 41,000 175,000
* A cantar is 98 pounds.
This statement shows that the receipts for the week ending
Nov. 14 were 260,009 cantars and the shipments to all Europe
21,000 bales. „

M a n c h e s t e r M a r k e t .— Our report received by cable to night from Manchester states that the market is steady tor
yarns and quiet for sheetings. The market does not respond
to the movement in Liverpool. W e give the prices for to-day
below and leave those for previous weeks of this and last year
1893.

1894.

d.
d.
Oc.12 5®8 ® 6^1«
1 19 5°8 ®6»iß
“ 26 5®8 ®63g
Nov. 2 5*2 ®6H
m 9 538 ® 6*8
“ 16 5516 ®6

Oott’n
Mid. 32s Oop.
Upld8 Twist.

8*4 lbs.

32c Oop.
Twist.

Shirtings.
s.
4
4
4
4
4
4

d.

s.
5 ®6
ö'eWö
5*a®6
4*3 06
3*3*6
3 ®6

d.

4
3^3
4
3
2
1*3

d.

a.

7 3 18

31*32
3»32 714
37sa 7*«
3*8 713
3*32 7
3
678

a.
®7%
®7%
®7%
®758
‘®71
g

8 q lbs.
Shirtings.
s. a. a.
5 10ifl®7
5 10**®7
5 10*a®7
5 10*a®7
5 10*fl®7
5 9 ®7

a

Ootii

7*4
7*4
7*a
7*3
7*4
7 I

Mid
Upla

a

41116
41116
41«

4ßg

413

4716

S e a I s l a n d C otton M o v e m e n t .— W e have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (November 16) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods of 1893, are as follows.
Stock.

1893.

1894.
Receipts to Nov. 16.

Since
This
Since
This
1894. 1893.
week. Sept. 1. week. Sept. 1.
32,640 3,897 28,375 18,531 14,690
5,275
Savannah. . .......... .
1,390 2,075 1,297
182
2,406
303
Charleston.. . . ...... ..........
284
695 1,014 1,399
1,442
453
Florida, &o.......... ............
4,363 30,460 21,620 17,386
Total........................... 6,031 36,488
The exports for the week ending this evening reach a tota 1
of 1,265 bales, of which 1,215 bales were to Great Britain, 50 to
France and — to Reval, and the amount forwarded to
Northern mills has been 2,504 bales. Below are the exports
for the week and since September 1 in 1894 and 1893.
Exports
from—

Week Ending Nov. 16. Since Sept. 1,1894. North’n Mills.
Since
Great Fr’nce Total. Great Fr’nce Total. _ .. ¡¡¡¿pi. 1
Week.
Brit’n. Ac.
Brit’n. Ac.

Savannah... 1,215
_
Charl’t’n,&c _
Florida, &o.
New York.. __
Boston.......
Baltimore.. . . . . . .
T o t a l.. . . .
Total 1893.

237 1,603 2,051 9,827
1,366
307
139
139
453 1,147
295
295
50 1,625 1,013 2,638

.. . . . .

1,215
............ .

. . . . . .

...............

..............

.....a

50

200

1,215

........ ......
50 1,265 3,625

1,726

..............

200

1,250 4,875 2,504 11,281

1.726 10,296 1,308 11,604] 1,015 3,311
1,726

uuuBluer»uiü purtiuu ui uuc?
‘—f C — .
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Nov. 16 at Savannah, for Floridas, common,
93^c. ; medium fine, t l% c . : choice, i4)£c.
Charleston, Carolinas, medium fine, 17c. to 18c.; fine, 24c.;
extra fine, 28 to 35c.
A g r ic u l t u r a l D e p ar t m e n t ’ s C otton R epo rt f o r N o v e m ­
b e r .— The Agricultural Department’s report on cotton for
November is given below
The cotton returns of the Department of Agrioulture for the month
of November show improvement of the» prospects as compared, with
the returns of last month. This is duë to better weather, and is
especially noticeable in the States of Alabama, Mississippi, Louisiana
and Texas. The favorable weather, besides improving the crop, has
greatly facilitated pioklng. In Alabama the crop has been nearly all
secured and much of it sold. In Mississippi many counties report
picking as closed, and considerable improvement in the crop over the
indications of October. The average estimate for the State of Louis­
iana is reported as raised because of the favorable weather for picking
during October. The crop in Texas maintains the high average
formerly indicated. The weather has bee a quite favorable for picking,
and nearly three-fourths of the crop has been gathered. A greater
dispatch has been noted in harvesting the °r°p than in any former
year and it has also been marketed in large quantities. The injuries
to the crop in some parts of the State from excessive moisture, causing
rust and rotting of bolls, have been more than counterbalanced oy the
favorable conditions that existed in other parts for maturing the top
crop and for picking. No great damage from frost reported.
In Arkansas the weather has also been favorable for gathering. The
increased product of that State, as compared with last year, is due to
the fact that much land that was overflowed in 1893 was planted to
cotton this year.
.
,,
. . __.
The indicated average yield per aore for the entire cotton belt is
191-7 pounds, distributed by States as follows : North Carolina, 210South Carolina, 168; Georgia, 155; Florida, 110;
160, Missis­
sippi, 195; Louisiana, 230; Texas, 235; Arkansas, 203; Tennessee
157; all other States and Territories, 200.
Cotton Manufacturing at Fall River in 1894.— In our
editorial columns this week will be found an article under the
above caption.
J u t e B utts , B a g g in g , & c .— There has been only a very
light demand for jute bagging during the week under review
but quotations continue as last reported, viz., 5% c. for
lbs., 6 ^ c . for 2 lbs. and 6% c. for standard grades. Conces­
sions would be made, however, on round lots. Standard
brahds in car load lots are quoted at 5 % @ 5 ;^ c . for 1% lbs
6L£c. to 6 ^ c . for 2 lbs. and 6% c. to 6% c. for 2 ^ lbs., f. o. b
at New York. Jute butt3 are in limited request at 1 % g. to
l ^ c . on the spot.




885

THE CHRONICLE.

N ovember 17, 1894.1

D om estic E x p o r t s o f C otton M an u f a c t u r e s .— Through
the courtesy of Mr. W . G. Ford, Chief of the Bureau of
Statistics, we have received this week a statement showing the
exports of domestic cotton manufactures for September and for
the nine months ended Sept. 30, 1894, with like figures for the
corresponding periods of the previous year, and give them
below:
quantities o f Manufactures of Cot­ Month ending Seift. 30. 9 mos. ending Sept. 30.
ton (colored and uncolored)
1893.
1 1894.
1893.
1894.
exported to—
U nited K in g d o m ............ . .....y a r d s
g
Q -erm an y....... ............................
F r a n ce .............................
v
Other co u n trie s in E u ro p e . . . .
British N o rth A m e r ic a ...........
M e x ic o .... ............ • ■•••........••
Central A m e rica n States and
B ritish H o n d u ra s ..................
C uba....... . ..................
.
P u erto R i c o ................................ ,
Santo D o m in g o ........................... „
Other W est I n d ie s ..................
A rgentine R e p u b lic .................
Brazil ....................................••••• „
United States o f C o lom b ia . . .
“
Other cou n tries in S. A m e r ic a
'
China.............................................. “
Brit. P osses’ns in A u stra la sia
British In dia and E a st In d ies “
Other c o u n tr ie s in A s ia and
O cea n ica ....... ’. ..........................
u
A fr ica .............. .............................
Other c o u n tr ie s ..........................

881,359
232,998
892
30,993
139Í734
150,417
1,459,099
21.H06
58.755
378,997
1,018,549
181.237
1,820,248
310,788
1,422.416
1 2,255,920
34,959
227,920

17,002,398
4.047.743
336.985
1.197.213
1 106.044
43.315
510,480
1 447,310
7.683.888 18,434,331
2,975,479
3,945,985

7^0,920
24,521
37,461
2,828,604
525,491

409,057 19,012,478 3,712,666
524,042
32,108 ! 305,877
36,909
100,407
300
1.877,131
8.259.145
355.091
8,514,976 10,040,513
1.0i7.334
3,835.203
1.389.160
390.094
2.140.250 14.907,498 16.089.706
1,985,862
2.598,901
159,058
2.131.744 13.353,947 14,440,297
4.433,750 40.588,883 17.509.058
525,510
06.689
10,006
2,718,844
3,945,725
351,004
2,125,218
5.219.014
6,340,224

7,558,790
0.105.442
9,610,395

102,308
64.940
75,000

297,100
747,165
2,329,056

15.950,490 147,348,620 114,474,871?

T o ta l yards o f a b o v e ..

14,303,208

T o ta l va lu e s o f a b o v e .
? a lu e p e r y a r d ....................

1830,534
$'0581

$1,017,828
$-0638

$14,580
10,847
19
2,531
98Í830
7,304

$49,579
6,133
220
1,362
88,430
10,805

$211.271
151,033
5,331
05,210
1.105,978
101,429

$259,423
78,00«
7.110
30,207
820.821
120,300

0,007
2,201
144
1,353
3,896
2,288
9,000
J.831
0,932
2,149
5,175
'425

3,848
4,030
595
516
4,222
23
0,820
2.648
5.018
1,158
1,005
485

57,089
40,007
0,950
11,080
40,805
13,984
80.889
27,071
30,589
10.859
47,022
888

53,927
48.556
4,770
2,635
47,904
50,005
59,536
34,545
47,894
6.993
27.950
1,253

28,038
2,319
1,054

34,323
085
446

151,341
10,014
15,009

211.546
8,677
5,471

$222.357 $2,198,854
$1,259,185 $10.861.004

$1,933,528
$9.404.217

Cotton exported to—
U nited K in g d o m ......................
G erm any......................................
Other co u n trie s in E u r o p e ...
British N o rth A m e r ic a ..........
M exico.........................................
Central A m e rica n States & B ritish
H on d u ra s........................................
C u ba....................................................
P u erto R i c o .................................■•
»•
Santo D o m in g o ...............................
O ther W e s t In d ie s ........................
A rgen tine R e p u b lic ......... ............
Brazil................... ...............................
U nited States o f C olom b ia .........
Other co u n trie s in So. A m e rica .
C h in a ............ .................................... .
B ritish A u stra la sia .................
B ritish p o ssession s in A u stralasia
Other co u n trie s in A sia
O cea n ica ...............................
A frica ....... ...................................
ith e r c o u n tr ie s ........................

$207,573
$1,038,107

tures o f .

$8,004,210 $7,470,609
$-0653
$-0588

T he E x p o r t s of C o t t o n from New York this week show a
decrease compared with last week, the total reaching 18,116
bales, against 24,107 bales last week. Below we give our
usual table, showing the exports of cotton from New York,
and the direction, for each o f the last four weeks; also the
total exports and direction since Sept. 1,1894, and in the last
column the total for the same period of the previous year.
EXPORTS

OF COTTON (BALES) FROM NEW YO RK SINCE SEPT. I , 1894.

Week EndingSxported to—

Nov.
16.

Nov.
9.

Nov.
2.

Oct.
26.

Total
since
Sept. 1.

Same
period
previous
year.

5ther'British ports..

6.879 13,934 11,169 5,270
2,982 3,616 3,130 4,238

69,353
32,020

67,498
37,211

To t . t o G t . B r it ’ n .

9,861 17,550 14,299 9,508

101,373

104,709

832 1,337
........ ........
832 1,337

8,741

5,366

8,741

5,366

209 1,102 3,593
571
973
300
831
511
1,226 5,479 3,617 1,504

14,928
8,838
20,579

12,489
7,178
30,791

No .E u rope

2,308 6,519 5,019 6,070

44,345

50,458

Spain, Italy, < o
&......

1,708 2,441 3,957
10

1,201

21,607
334

13,203
300

2,451 3,957

1,201

21,941

13,503

16.160 27,893 24,107 18,116

176,400

174,036

To t a l F r e n c h . .. .

other ports............
t o t .t o

T o t a l Sp a i n , & o . .
grand

T he

Total....

F o l l o w in g

2,283

1,373

2,283

Other French ports..

1,373

~708

a re

th e

« muss»

—

*

New York , Boston, Philadelphia and B altim ore for th e past
week, and since September 1, 1894.
PHILADELPHIA

Nrw Yo r k .

Receipts
from —

T h is

S in e s

w eek. S e p t . l .
20,001
3,087
12,595

115,041
64,999
88,659

V ir g in ia ..

731
1,624
688
2,534

3,664
23,890
3,710
12,676

F o r e ig n ....

2,733
65

10,835
1,495

T o t a l .. . .

N. Orleans..
T e x a s .........
S av an n ah ..
M o b i le .......
F lo rid a .......
I

L a st year.,

T h is

S in e s

week. S e p t . l .

5,980

T h is

Since

BALTIM ORE.
T h is

S ince

w eek. Sept'. 1 . lesele. Sept. l .

2,974

30,827

6,697

28,887
......... .

121
9,748

29,325

2,869

300
2,296
22,087

2,986

20,481

130,996

2,809

27,778 19,431

78,196

75,287

2,382

12.715 12,516

69,323

100

16,212
80,190
50
3,581

44,718

325,531 22,368

40,773

285,420 16,664

3,000
13,283

THE CHRONICLE.

886

E x p o r t s o f C otton G oods f r o m G r e a t B r it a in .— Below
we give the exports o f cotton yarn, goods, & c., from Great
Britain for the month of October and since January 1 in
1894 and 1893, as compiled by us from the British Board
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
YarnAThread.

lotal of AH.

Cloth.

000* omitted.
1894.

1893.

1894.

Lbs.

Lbs.

Yds.

1893.

1894.

1893.

1891.

1893.

Yds.

Lbs.

Lbs.

Lbs.

Lbs.

384,296 87,990 72,999
342,022 88,745 64,961
874,304 90,214 71,097

107,921
108,995
110,923

89,624
79,335
89,041

48,993 1,401,484 1,100,622 266,049 209,051

J a n u a r y .......
F e b r u a r y ....

19,931 16,625
20,250 14,424
20,709 17,944

T ota lst qnar.

60,890

461,951
465,911
473,622

327,839

258,050

58,707
64,818
66,469

100,660
97,360
96,939

73,231
83,240
84,470

T o t . 2d qnar.

60,519 50,947 1,230,916 1,000,314 234,460 189,994

291,919

240,911

S e p t e m b e r ..

22,891 20,986
20,842 21,249
19,887 20,409

429,595 87,586 81,594
432,716 81,398 82,187
420,440 81,113 79,856

110,477
102,238
101,000

102,580
103,435
100,265

T o t . 3d quar.

63,620 62,644 1,813,002 1,282,751 250,095 243,637

313,715

306,281

O ctob er.......

24.073 20.979

116,562

101,397

1,071
17,801

1,050
20,478

20,816
M a y . . ............ 19,655
20,048

S tockings and
Sundry a rtici!

14,524
18,422
18,001

419,178
407,955
403,783

459,827
427,329
425,846

485,569

309,092 79,814
341,264 77,705
349,958 76,911

423,298 92,489 80,418

IY o l . LIX,

Total tales.
Liverpool, per steamer British King, 8,920... 8,920
Liverpool, per steamers Jeanara, 11,250....
Naranja, 2,754. .......... ........ ..........................
14,004
To Bremen, per steamer Elton, 8 ,0 5 0 .................... ............... 8,050
Norfolk —To Liverpool, per steamer Ormiston (additional), 50
50
B o s t o n — To Liverpool, per steamers Bostonian, 1,578.......
Sachem, 846....Sagamore, 509 ............................. ............... 2,933
To Yarmouth, per steamer Boston, 100................................ .
100
B a l t i m o r e —To Liverpool, per steamer Rossmore, 3 ,5 0 1 ........
3,501
To Hamburg, per steamer California, 100 .....................
100
P h i l a d e l p h i a — To Liverpool, per steamer Ohio, 713.
........
713

P o r t R o y a l —T o
W i l m i n g t o n — To

Total........... .
The particulars of these shipments, arranged in our usual
form, ¿re as follows:
Hull
Bremen Other
6
£ Ham- North South YarLiver­ < ffew
pool. castle. Havre, burg. Europe.Europe. mouth. Total.
New York. 5,270 4,238 1,337 4.566 1,504 1,201 ........ 18,166
u
46,486 5,302 ___ m
N. Orleans. 26,542
........ 78.330
19,333 30,558
Galveston.. 49,822
........ 98,713
Mobile___ 6,905 ___ ..... . . . . . . . . . . . . . __ . ........
6,905
5,787 14,358 8,300
Bavannah.. 6,051
........ 34.496
__ ........ 3,000 . . . . . . ___ ........ 7,545
Brunswick 4,545
_
Port Royal 8,920 _ ^ __ __
........
8,920
Wilmingt’n 14,004 ........ ........ 8,050 ........ ........ ........ 22,054
Norfolk....
50
......
50
.......* ‘
Boston..... 2,933
100 3,033
Baltimore.. 3,501 ........ ........
100 ........ . . . . . . ........
3,601
Philadel’a..
713
........
713
Total ....128.256 4,238 72,943 65,934 9,804 1,201

100 232,476

Below we add the clearances this week of vessels carrying
T o ta l ex p o r ts o f c o t t o n m a n u fa ctu re s ...................................... 1,071,967 928,197 cotton from United States ports, bringing our data down to
the latest dates:
The foregoing shows that there has been exported from the G a l v e s t o n —To Liverpool—
Nov. 8 —
Steamer Eric, 7,262....N ov. 9 —
United Kingdom during the ten months 1,071,967,000 lbs. of
Steamer Coquet, 5,901....N ov. 10 Steamer Luoina, 6,609.......
Nov. 15 - Steamer Starlight. 7,630.
manufactured cotton, against 998,197,000 lbs. last year, or an
To Havre—
Nov. 13 -Steamer Moonstone, 5,876.
increase of 143,770,000 lbs.
To Bremen Nov. 9—Steamer Ethelreda, 5,999....Nov. 12—Steamer
A further matter of interest is the destination of these
City, 7,137.
To Hamburg -N ov. 10—Steamer Aeon, 900.
exports, and we have therefore prepared the following
O rl
— T o Liverpool Nov. 9 -Steamer Halley, 2 ,1 0 0 .....
statements, showing the amounts taken by the principal N e w Nov. e a n-sSteamers Electrician, 6,365; Merchant. 2,9 >0...Nov. 13
10
countries during October and since January 1 in each of the
—Steamers Eusnaro, 5,700; Win, C.iffe, 6,384...Nov. 14 -Steamer
Francisca, 5.636.
last three years:
To Grimsby, for orders—
Nov. 13 -Steamer Ha vers toe, 5,156.
EXPORTS OP PIECE GOODS AND TARNS TO PRINCIPAL COUNTRIES IN
To Havre -Nov. 10—
Steamer Lord Charlemont, 7,821.
OCTOBER, AND PROM JANUARY 1 TO OCTOBER 31.
To Dunkirk -Nov. 10 -Steamer Royal Welsn. 3 641.
To Bremen—
Nov. 9 -Steamer Constance, 9.600 ..Nov. 13—Steamer
October.
Jan. 1 to Oct. 31.
Hojeen, 7,427....Nov. 1 4 -Steamer Croma, 9,186.
Piece Goods—
Yards.
To Genoa-Nov. 13—
Steamer Sandhill, 4,800 ...N ov. 14—
Steamer
(000* omitted.)
1894.
1893.
1892.
1893-94 1892-93 1891-92
Straits of Magellan, 5,870.
Mobile—To Liverpool-Nov. 13—Steamer Gydonia. 3,938.
B a st In d ie s ............................... 242.909 215,214 168.270 2,122,534 1,676.039 1.753,280
To Vera Cruz—
Nov. 13 -Steamir Ravens lale. 536.
T u rk ey , E g yp t and A fr ic a ...
83.058 62,222 57,061 «71,802 527,182 540,) 57
C h ina a nd J a p a n ....................... 27.593 33,862 85,455 439,025 367,540 461,682 S a v a n n a h — To Liverpool-Nov. 15—Steamer Viola, 3,479 upland and
1,215 8ea Island.
E u rop e (e x c e p t T u r k e y )........ 19.600 25,077 21.572 233,519 219,005 229.310
S ou th A m e r ic a .......................... 55.605 '36,452 67,286 445,729 610.900 560,452
To Bremen-Nov. 10 -SteamerWhitefleld,6,702...N ov.13—Steamer
N orth A m e r ic a ........................ 30,470 23,826 25,118 229.222 228,888 234.206
Castlegarth, 5,252.
A ll o th e r c o u n t r ie s ................. 26,148 26,615 21,381 288,150 247,865 243,184
To Lisbon - Nov. 12—
Bark Josephine, 700.
To Oporto — Nov. 12 -Bark Joseph'na, 1,700.
T o t a l y a r d s.......................... 485,569 423,298 396,143 4,430.971 3,800,985 4,031,271
To Genoa—Nov. 14-Steamer Kathleen, 4,383.
T o ta l v a lu e .......................... £4,368 £4,084 £3,860 £42,276 £38,927 £40,479
C h a r l e s t o n -T o Liverpool—N ov . 12—Steamer G. B. Booth. 7.033.
Yarns—
Lbs.
To Grimsby, for orders —
Nov. 13 —
Stea ner C iro.iua, 4 317.
(0008 omitted.)
To Bremen—
Nov. 13 -Steamer Glenmavis. 6.15o.
H o lla n d .. ...................................
3.220
3,439
3,954
36.649
29,644
29,642 N o r f o l k — Co Liverpool—Nov. 12—
Stea ner Stockholm City, 3 ,9 7 3 ....
G e rm a n y ......................................
4,465
24.428
2.895
2,491
29,721
23.382
Nov. 13 -8teamer Baron Douglas. 6.579.
O th. E u rop e (ex ce p t T u rk ey)
4,445
3,299
3,815
30.696
34.331
88,307
Steamer St. Oswald, 8,439.
E a st I n d ie s ...... .........................
4,909
4,148
35,246
35.654 West P oint - T o Liverpool -Nov. 10—
4,804
31,913
C h ina a n d J a p a n .......................
27.120
1.600
2,673
2,578 . 21.876
22,851
B o s t o n — To Liverpool -Nov. 8 -Steamer Norseman, 1,256 ...N ov. 9 —
T u rk ey an d E g y p t...................
2,495 2,039
2,662
25,769
21,935
29.817
Steamer Caphalonia, 144 ...N ov. 12 . . . steamer Cambroman,
A ll o th e r c o u n tr ie s ..................
1,377
834
1,064
11,413
10,055
8,867
461 . ..Nov. 13 Steamer Georgian, 2,417.
To Yarmouth-Nov. 13 -Steamer Yarmouth, 100.
22,520 19.548 19,697 195 008 169 &88 195,049
T o ta l v a lu e ..........................
£836
£845
£803
£7'.753 ¿7.4Í2 £8.085 Baltimore - T o London -Nov. 3 Steamer Montana, 400.
To Bremen -Nov. 10 -Steamer Wmmar, 6,574.
. Te Rotterdam Nov. 9—Steamer Prodano, 801.
T h e C otton C r o p o f 1894-95—W h a t t h e A g r ic u l t u r a l P h i l a d e l p h i a -T o Liverpool—Nov. 9—Steamer Lord Gough, 817.
To Antwerp—
Nov. 1 3 —
Steamer Switzerland, 199,
D e p ar t m e n t F ig u r e s I n d ic a t e .— A n article under this capBelow we give all news received to date of disasters to
tion will be found in our editorial columns to-day.
vessels carrying cotton from United States ports, & c .:
S h ip p in g N e w s .— The exports of cotton from the United G b o r g i o s M i c h a l i n o s . steamer (Greek), lying at anchor in Bolivar
Roads, Galveston Harbor, was on lire Nov. 13. The steamer was
States the past week, as per latest m a il returns, have reache l
loading for Havre, and 3,477 bales of ootton had already been put
382,476 bales. So far as the Southern ports are concerned, these
on hoard. Damaged oargo will ha discharged and survey held.
H a j e e n , steamer (Br.), at New Orleans, for Havre, was discovered
are the same exports reported by telegraph and published in
all re on Nov. 10. The flames were afterwards extinguished.
She had over 7,000 hates of ootton ou board, s <me of which were
th e C h r o n ic l e last Friday.
W ith regard to New York we
unloaded. The vessel sustained but slight damage, and oleared
include the manifests of all vessels cleared up to Thursday.
for destination on Nov. 13 with 7,427 bates.
L o c h L o m o n d , steamer (Br.), from Savannah for Genoa, with 6,950
Total bale».
hates of ootton, arrived at Algiers, Nov. 14, with Are in her oargo.
New Y ork —T o Liverpool, per steamer Taurlo, 5,270................ 5,270
The Are was extinguished, and the steamer proceeded.
To Hull, per steamer Francisco, 3,127.................................... 3,127 M a y f i e l d , steamer (Br.), Riddick, from Wilmington, N. C ., for Liver­
To Newcastle, per steamer Salerno, 1,111....... .................... 1,111
pool, before reported spoken at sea with loss of sorew. was towed
To Havre, per steamer La Bourgogne, 1,287 upland and 50
into St. Miohael’s, Nov. 10, by steamer Scotia, from Hamburg for
S e a ls la n d .........................
1,337
New Orleans.
To Bremen, per steamers Trave, 200___Wlttektnd, 3,393... 3,593 P a r a h y b a , steamer (Br.), Luce, from New Orleans, arrived at Havre,
To Hamburg, per steamers Dania, 650_ Prooida, 3 2 3 .....
_
973
Nov. 10, with oargo on Are, whloh was quickly extinguished. It
To Antwerp, per steamer Waesland, 1,004............................. 1,004
is believed that the damage is slight.
To Gottenburg, per steamer Polynesia, 500............................
500
Cotton freights the past week have been as follows:
To Genoa, per steamers Altmore, 901___Fulda, 300............ 1,201
New Orleans— Liverpool, per steamers Montezuma, 14,541
To
.. Saturnina, 4,751....Vesta, 7,250 ............................... 26,542
Fri.
1 Satur.
Tues. Wednes. Thurs.
Mon.
To Havre, per steamers British Crown, 7 ,7 5 5 ....Colonia,
6.716.. . . Knight of George, 11,300_Lord Erne, 14,565
....
....
®
64
*64
984
964
_ Sapphire, 6,150....... .......................................................... 46,486 Liverpool, steam.d
_
32®Hfi4
To Hamburg, per steamer Galicia, 5,000...........
. . . . . . . 5,000
Do
D ec..d.
B
32
532 B
32®1164 532®U64 532®11e4 B
Galveston—To Liverpool, ner steamers Crathorne. 6,918....
Havre, steam ....e.
316
S16
318
*16
964
964
Kelvingrove, 7,072_ Patentino, 5,996 ...St. Giles, 8,916
_
....
....
....
....
....
....
Do
sp ot.......d.
....Tripoli, 6,904....Tronto, 5,590....Zodlao, 7.426 ......... 48,822
35t
35t
351
271
35t
To Havre, per steamers St. Jerome, 8 ,0 2 5 ....Samuel Tysaok,
Sremen, steam., d. 271
4.575.. ..Vaia, 6,733 .. . ........ ........................................... 19,333
....
....
....
....
....
Do
later... d.
....
To Bremen, par steamers Cayo Mona, 7,976_ Leven, 5,997
_
te
te
te
te
te
te
_ Pembridge, 7,693__ Soringwell. 8 1 5 4 .............................29,820 Hamburg, steamd.
_
....
....
....
....
....
To Hamburg, per steamer Cranford, 738 ..............................
738'
Do
later..d.
Mobile — Liverpool, per steamer Verax, 6,905
To
.......... 6,905 Ims’dam, steam.«. 25-27te+ 25-27te1 27te-30t 27te-30i 27te-30f 27te-30t
Savannah—To Liverpool, per steamer Massasoit, 5,900 upland
«84
1S64
1Sc4
1364
1364
1S64
and 151 Sea Island. ..'............. ............ ......... ................ ...
6,051 Reval, via Hull.d.
....
....
....
....
To Havre, per steamer County Down, 5,550 upland and 237
Do v. Hainb.d.
....
....
Sea Is la n d .......... . . . ............................................ . . . . . ____ 5,787 S’lona, d irect...d.
318
316
®
16
®
16
*16
810
To Bremen, per steamers Hurworth. 5,961_ Kirkby, 8,397 14,358
_
28t
281
28t
28*
281
To Reval, per steamer Justin (additional), 1,100......... . . . 1,100 Genoa, steam ...d. '231
To Malmo, par steamer Lisnacrieve, 2,000........ . ............., 2,000
Do
later
32
32
32
984®B 9ri4®B 964®B 964®S32 984®B 984®B
32
32
To Gottenburg, per steamer Lisnaorieve, 5,200 .................. . 5,200 Trieste, v.Genoa.d.
*384
. 1884
3ie
S18
1364
1361
Brunswick —To Liverpool, per steamer Dunmore Mead, 4,445
te
te
te
te
te
te
upland and 100 Sea Island........... ............. ............. , ..........
4,545 Antwerp,steam.d.
To Bremen, per steamer Roehampton, 3 ,0 0 0 ........................ 3,000
t Cents net per 100 lbs.




N ovem ber

THE

17,1894.]

L iv e r p o o l .— B y cable from Liverpool we have the following
statement of the week’s sales, stocks, & c., at that port:
Nov, 16
Nov. 9.
Nov. 2.
Oct. 26.
56,000
68,000
78.000
94.000
Bales of the week...........bales.
3,500
3,400
3.000
2,200
Of which exporters to o k ....
3,100
7,700
5.000
1,400
Of whioh speculators took ..
50.000
62,000
71.000
88.000
Bales Am erican.................... —
11.000
10,000
6.000
7,000
Actual export.................. ........
62,000
73.000
74.000
78.000
Forwarded........ ...... ..............—
Total stock—Estimated........ .. 679.000 670.000 660,000 718,000
528.000 587.000
Of which American—Estln-’d 543.000 533.000
73.000 132.000
70.000
56.000
Total import o f the w e e k ......
66.000 120.000
62.000
52.000
Of whioh American . . . . . . . . .
245.000 265.000 365.000 380.000
Amount afloat........... ..........—
Of which Amerioan............... 235.000 255.000 355.000 370,000
The tone of the Liverpool market for spots and futures ea» h
day of the week ending Nov. 16, and the daily closing prices
_________
of spot cotton, have been as follows:_____________ •
Saturday Monday. Tuesday. Wednes. Thursday. Frida.

Spot.
Market, Ì
1:45 P. M. 1

M oderate
dem an d .

M id .U p l’ d s .
S pec. & exp .

3 i82
8,000
1,000

8,000
500

8,000
500

Futures.
Market, £
1:45 P. M. J

Steady at
partially
1-04 a d v.

E asy a t
2-64 de­
c lin e .

Q u iet at
partially
1-04 dee.

Easy.

Q u iet and
s te a d y .

Q u iet.

Market, \
4 P. M. J

Q u iet.

D ull.

3132

3

2 8132

H a rd e n ’« . H a rd en ’ « .

10,000
1,000

3132
12,000
1,000

Q u ieter.

3
10.000
1,000

F irm at S te a d y a t S tead y at
3-64 d e ­
3-64 a d .
p artially
c lin e .
va n e e .
i-0 4 a d v .
V ery
steady.

B arely
ste a d y .

Q uiet.

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
Dion., Nov. 12.

Sat., Nov. 1 0 .

.
Open High LOW Olo*. Open High Low. Oloi
d.
d.
d.
d.
d.
d.
d.
d.
November.
Nov.-Dee...
Dec.-Jan....
Jan.-Feb....
Feb.-Mch..
Mcb.-April.
April-May..
May-Jane..
June-July..
July-Aug...

2 57
2 57
2 58
2 59
2 61
2 62
3 00
3 02
8 04
3 05

2 57 2 57 2 57
2 57 2 57 2 57
2 68 2 58 2 58
2 59 2 59 2 59
2 61 2 61 2 61
2 63 2 62 2 63
3 00 3 00 3 00
3 02 3 02 3 02
3 04 3 04 3 04
3 06 3 05 3 06

W ed., Nov. 14.

2 53 254 2 53
2 53 2 54 2 53
2 54 2 55 2 54
2 55 2 56 2 55
2 57 2 58 2 57
2 59 2 60 2 59
2 60 2 61 2 60
2 62 2 63 2 62
3 00 3 01 3 00
3 02 3 03 3 02

2 54
2 54
2 55
2 56
2 58
2 60
2 61
2 63
3 01
3 03

n u n . , Nov. 15.

7 i h . i Nov. 13.
Open High Low. Olos.
d.
2 56
2 53
2 56
2 57
2 59
2 01
2 62
3 00
8 02
304

d.

d.

2 56 2 55
2 58 2 55
2 57 2 56
2 5 8 2 57
2 60 2 59
2 61 2 61
2 63 2 62
3 01 3 00
3 03 3 02
3 04 3 04

d.
2 56
2 53
2 56
2 58
2 59
2 61
2 63
3 01
3 02
3 04

F rl.. N ov. 16.

.
Open High LOW Oíos. Open High Loie. Olos. Open High Low. Citi
4
d.
d. d.
d.
d.
d.
d.
d.
d.
d.
d.
November.
Nov.-Dee...
Dec.-Jan....
Jan. -Feb....
Feb.-Mch ..
Mch.-April.
April-May..
May-Jnne..
June-July..
July-Aug...

2 69
2 59
2 60
2 61
263
3 00
3 02
3 04
3 06
3 07

2 61
2 61
2 62
2 03
3 01
3 03
3 04
3 06
3 03
310

2 59
2 59
2 60
2 61
2 63
3 00
3 02
3 04
306
8 07

2 61
2 61
2 62
2 63
3 01
3 03
3 04
3 06
3 08
310

2 62
2 62
2 62
3 00
3 01
3 03
3 05
3 07
3 09
310

2 62
2 62
2 63
3 00
3 02
3 04
8 05
3 07
8 09
311

2 61
2 61
2 61
2 63
3 00
3 02
304
3 06
3 07
3 09

2 01
2 61
2 62
2 63
3 01
3 03
3 04
3 00
808
3 10

2 57
2 57
2 58
2 59
2 61
2 62
3 00
3 02
3 04
3 05

2 58
2 58
2 58
2 59
2 01
2 63
3 01
3 02
3 04
8 08

887

CHRONICLE.

2 58
2 58
2 58
2 59
2 61
2 03
3 01
3 02
3 04
3 06

2 57
2 57
2 68
2 59
2 61
2 62
3 00
302
3 04
3 05

B R E A D S T U F F S .

Rather more interest has been shown in the market for In ­
dian corn futures and prices have advanced, particularly for
the near-by
deliveries, on buying by shorts to cover
contracts, stimulated by
the smallness of the crop
movement and the soft condition of the new crop
arriving. The spot market has advanced sharply ow­
ing to
a scarcity of supples.
The sales yesterday
included No. 2 mixed at 60@ 60& c. delivered, No. 3 mixed at
53c. in elevator and yellow at 61c. delivered. To-day the
market was weaker under realizing sales by “ longs,” prompted
by increased receipts at the W est. The spot market was firm
but quiet. The sales included No. 2 mixed to arrive at 60c.
delivered and 60% c. f. o. b. afloat; also No. 3 mixed at 55c.
delivered.
D A ILY CLOSING PRICES OP NO. 2 MIXED CORN.

Wed. Thurs. Fri.
Tues.
Mon.
Sat.
59
59%
59%
57%
57%
0. 57
56%
5698
57
55%
fi. 54%
55%
5 4k
55
55%
54%
53%
fi. 53%
53?,
54%
54%
54%
54%
,0. 53%
Oats for future delivery have attracted a moderate amount
of attention and prices have steadily advanced on fair general
buying, stimulated by the small crop movement and in sym­
pathy with the rise in corn. Business in the spot market has
been moderately good at advancing prices. The sales yester­
day included No. 2 mixed at 33 ^ o .@ 3 3 % c . in elevator and
No. 2 white at 38c.@ 38^c. in elevator. To-day the market
was easier in sympathy with the weaker drift to corn and under
realizing sales by “ longs.” The spot market was quiet but
steady. The sales included No. 2 mixed at 3 3 ^ c .@ 3 3 % c . in
elevator and N o. 2 white at 38c.@ 3 8^ c. in elevator.
D AILY CLOSING PRICES OP NO. 2 M IXED OATS.

Mon.
Sat.
33
..O. 32%
33%
December delivery......o 33%
34%
..O. 34
J anuary delivery.
35%
February delivery... ..o. 35
36%
uflOi 36%
light supply and
W« ' M W V v
IU V », .

— — -------*

D AILY CLOSING PRICES OP NO. 2 BED W INTER W H EAT.

November delivery..
December delivery..
Janaary delivery—
February delivery...
March delivery.........
May delivery........... .




Sat.
57%
58%
59
60%
61
62%

Mon.
58%
58%
59%
60%
61%
63%

Tues.
58
58%
59%
60%
61%
62%

Wed.
59%
59%
60%
61%
62%
64

Thurs.
58%
59%
60%
61%
62
63%

Fri.
58%
59%
60%
61%
62
63%

Wed.
333s
33%
34^8
355s
36%

Thurs. Fri.
3358
33*8
34%
33%
35
34%
35%
35%
36%
36%
Barley has

•
/

vices from the W est.
The following are closing quotations:
PLOUB.

Fine................. m bbl. $1 75®$2 00 Patent, winter........ $2 70®$3 10
190® 2 15 City mills extra s..... 3 25® 3 30
Superfine.......... .
Extra, No. 2 . . . . . . . . . . 2 00® 2 30 Rye flour, superfine.. 2 50® 2 85
Extra,No. 1 . . . ........ 2 20® 2 40 Buckwheat flou r..... 19 5 ® 2 05
Clears........................ 2 35® 3 50 Corn meal—
Western, &o........... 2 75® 3 10
Straights................... 2 55® 3 25
Brandywine...... ...
3 05
Patent, spring... . . .. . 3 25® 3 80
[Wheat flour in sacks sells at prices below those for barrels.]
GRAIN.

0.
W heatSpring, per bush.. 57 ®
Red winter No. 2 .. 59 ®
Red winter.. . . . . . 53 ®
56 ®
Oats—Mixed,per bu. 33 ®
37%®
33% »
38 ®

Corn, per hush—
c.
0.
West’ n m ix e d ...... 53 ®
61
No. 2 m ix e d ....... 60 ®
60%
Western yellow ..- 531
*®
61%
Western White___ 55 ®
62
Ryë—
35
Western, per hush. 50 ®
41
State and Jersey.. ■ . . . . ®
34%
Barley—No.2 West’n 63 ®
39
State 2-rowed................. ®
State 6-rowed............. . ®

0.
62
61
62
62
55

....

64

... .

....

C o r n P r o d u ct io n in 1894.—W e have prepared this week
cur usual statement of the indicated production of corn in
the United States for 1894, and give it below. It is compiled
entirely on the basis of official acreage percentages and yield
per acre as issued by the Agricultural Department, and points
to an aggregate crop of 1,198,607,000 bushels. Due allow­
ance has been made for the abandoned acreage as reported by
the Department. For purposes of comparison the figures for
the four preceding years are also appended:_________________ __

Friday , November 16, 1894.
The market for wheat flour has continued in a fairly satis­
factory position; demand has been moderately large at full
values, and in some instances slight advances have been ob­
tained. Rye flour has had a slow call but prices have been
steadily held. Buckwheat flour has been dull and prices have
been barely maintained. Corn, meal has sold moderately well
at a reduction of 5c. per bbl. in cost. To-day the market for
wheat flour was firm but quiet.
The speculative dealings in the market for wheat futures
have been on a fairly extensive scale, and prices have made
additional gains on moderate buying, stimulated by the con­
tinued stronger advices from abroad, a further shrinkage in
the movement of the crop at the Northwest, an unexpected
decrease in the world’s visible supply and reports of damage
to the crop in Argentina. The outside public has been buy­
ing more extensively, and this has added materially to the
strength of the market. The spot market has been firmer
but quiet. The sales yesterday included No. 2 red winter at
l ^ c . over Dec. f. o. b. afloat. To day the market was a trifle
stronger during early ’Change, in response to steadier foreign
advices than expected, but later realizing sales by “ longs ’
caused a reaction. The spot market was firm but quiet. The
sales included No. 2 red winter at % c . over December, f. o. b.
from store.

Tues.
33
33%
34%
35%
36%
firmly

Com.

P ro­
duction.

P ro­
duction.

1894.
Io w a ...............!
Illin ois..............
K ansas.......... |i
M issou ri...... .
N e b r a s k a .......
In d ia n a .............

Ohio....,........
T e x a s ................
T e n n e s s e e ....
K e n tu ck y ........
P en nsylvania.
A rk a n sa s.......
W is c o n s in ----M ich ig a n ........
M in n e s o ta .. ..
T o t a l.........

All others....
T o t«! U. S ....

1893.

Bushels.

Busheis

78.225.000
168,394,000
87.912.000
114,202 ,000
8,394,000
96,728,900
71.981.000
69.350.000
68.065.000
67.896.000
40.736.000
38.438.000
17.228.000
21.738.000
18.934.000

251,832,150
160,550,470
139,450,702
158.197.715
157.278,895
85,308,782
64,487,200
61,170,905
63,649,061
68,008,000
31,198,741
32,110,814
28,950,243
21,790,538
25,103,572

P ro-.
duction.
1892.

Bushels.
200,221,000
165.327.000
145.825.000
152.489.000
157.145.000
103.334.000
83.853.000
73.643.000
61.274.000
«8,805,000
39.632.000
34.344.000
27.317.000
23.218.000
24.192.000

P ro­
duction.

P ro­
duction.

1891.

1890.

Bushels.

Bushels.

350.878.000
234.830.000
141.893.000
203.210.000
167.652.000
123.622.000
94.092.000
70.035.000
82,552,009
82.795.000
40.527.000
42.455.000
29.718.000
31.133.000
21.530.000

232.439.000
187.446.000
55.269.000
175,345,006
55.310.000
89.025.000
65.876.000
63.802.000
67.692.000
63.645.000
38.043.000
- 83,443,000
33.061.000
26.580.000
21.280.000

918.219.000 1,349,160,574 1,360,648,000 1,723,628,000 1,208,202,000
230.388.000 270,335,557 207,816,000 336,526,000 281,708.000
1.199,»<07.000 1,019,496,131 t.628.464.000 3.000,154,000 1,489,970,000

A g r ic u l t u r a l D e p a r t m e n t ’ s R e p o r t .— The Agricultural
Department’s report on the cereal crops was issued on Novem­
ber 10, and is given below :
The November returns to the Department of Agriculture of the rates
)f vield per acre mike the average of corn 19-7, which Is about 1%
sushels above the yield Indicated by the condition figures m October,
rhis Is the lowest rate of yield that has occurred siuoe 1881, when It
stood at 18 <6 bushels per acre. Last year the yield was 22-5 bushels,
idor a muoh larger harvested acreage.
The rates for the years laSo,

888

THE CHRONICLE.

L IX .

[Y o l ,

1887 and 1890, which were years of comparatively low yield, were re­
spectively 22, 20 1 and 20 7 bushels. The yield for the present year,
which must be regarded as a preliminary and not a final estimate, is
less than the average for the ten years 1870 to 1879 by 7-4 bushels;
less than the average for the succeeding decade, 1880 to 1889, by 4*4
bushels and less than the average for the four, years 1890 to 1893 by
3*7 bushels. The result is in harmony with reported indications dur­
ing the growing season.
The rates of yield of the principal corn States are as follows : New
York, 28*2; Pennsylvania, 32 ; Ohio, 26*3 ; Michigan, 23'2; Indiana,
28-9; Illinois, 28*8; Iowa, 15; Missouri, 22*0; Kansas, 11*2; Ne­
braska, 6*0.
The average yield of buckwheat is 16*1 bushels per acre. The aver­
age, yield in 1893 was 14*7 and in 1892 14*1 bushels. The average
quality 90*3,100 being the standard.
The average yield per acre of potatoes is returned as 62*3 bushels.
In 1893 the yield was 72*2 and in 1892 62 0. The quality is fair,
standing at 84*0.
The average yield of tobacco is 733 pounds per acre. In 1893 it was
695*3 and in 1892 682 pounds. The average quality is 87*9.
,The yield of hay for 1894 averages, for the country at large, 1*15
tons to the acre. In 1893 the yield was 1*32 and in 1892 1*17 tons.
The quality is high, as shown by the percentage of 94*5.
The crop of apples is reported as 41*7 percent of an average product.
The returns relative to the feeding of wheat to stock are not suffi­
cient te justify a report at this date. The Department hopes to be able
to make a special report on this subject in the near future.

In staple cottons business in the aggregate shows a slight
increase, as although the export demand has fallen off some­
what home necessities have caused more numerous orders to
be placed for immediate deliveries. Brown sheetings continue
dull and prices irregular outside of sold-ahead lines. Brown
drills quietly steady. In colored cottons more business has
been doing in cottonades, New York Mills having made the
following prices: New York Mills heavy D and T cot­
tonades, 1 2 % c . ; light checks do., l l ^ c . ; all colors do.
camlet jeans, l l ^ c . Denims, ticks, checks and stripes
in
irregular
demand.
Bleached shirtings very quiet
throughout and wide sheetings inactive.
W h ite goods
in fair demand.
Kid-finished cambrics dull,
as are
other linings. In printed fabrics there has been a fair demand
for spring specialties, but little doing in dark prints. A m er­
ican indigo blues were unexpectedly advanced J^c. to 4% c. at
the close of last week, but the advance has no general signifi­
cance. Other regular prints dull and unchanged. Fair orders
taken for spring ginghams and fine woven patterned fabrics.
Staple ginghams generally inactive. Print cloths have sold
in fair quantities at 2 ll-16c. for extras, closing firm thereat.
1894.
1893.
1892.
Exports op Breadstuffs, P rovisions, Cotton and
Stock o f Print Oloths—
Nov. 10.
Nov. 11.
Nov. 12.
Petroleum.—The exports of these articles during the month At Providence, 64 squares.............
206,000
None.
Fall
64 squares...............
of October, and the ten months, for the past three years At Fall River, odd sizes.................. .. 25,000 )
283,000
None.
At
River,
have been as follows:
Total stock (pieces)................. 170,000
489,000
None.
1894.

E xports
from O. S.

1893.

October. 10 Months.

October.

10 Months

1892.

October.

10 Months.

Q uantities.
W h ea t, bush.
F lo u r .. .bbls.

7,007,787 69,001,064
1,541,949 13,221,254

6,884,031 95,801,778 12,740,064 103,577,878
1,458,936 13,795,050
1,717,308 14,155,062

W h e a t....b u .
C o r n ...b u s h .

14,540,508 118,496,707 13,420,243 167,939,508 20,467,950 167,275,657
099.O8J 37,179,583
3,735,133 45,100,501 4,574,404 69,070,138

T o t . b u s h ..

15,245,588 165,076,270 17,155,375 203,040,007 25,042,354 236,345,795

Values.

«
I
$
$
$
$
9,216,719 84,959,213 10,754,706 132,289,075 17,717,599 162,779,408
439,849 17,035,495
1,842,142 22,877,354 , 2,668,990 37,642,581
4,240
127
406,619
141,187
4,801,109
60,758
253,305
401,033
2,647,190
60,734
2,332,046
132,270
944,223
156,629 2,244,786
25,240
968,405

W h ’t & flour.
C o r n * m eal.
O ats A m eal.
B r ’d stu fb ..
P rov ision s *.
C o tto n ...........
P e t r o l’m .& c.

9,849,596
12,630,274
38,914,397
3,765,991

103,940,091 13,011,022 160,525,010 20,613,760 208,013,589
149,808,059 12,805,196 130,598,496 13,820,933 151,952,982
141.140,427 29,307,012 126,006,944 27,044,691 149,644,912
32,851,269
3,705,105 34,362,041
4,292,519 34,734,074

W oolen G oods.— There has been no improvement in the
demand for woolen or worsted goods for men’s wear in either
spring lines or heavy weights, although a somewhat better
undertone is noticeable in the market. Deliveries on initial
orders are still much behind hand in spring goods. Buyers
are complaining of their business suffering on that account,
and some cancellations are reported, but not of sufficient im ­
portance to be a feature. There is so far practically nothing
showing for the next heavy-weight season, although some
agents are ready with samples. In overcoatings trade for both
this and next season is slow, but kerseys and beavers for im­
mediate delivery to the cloaking trade in fair demand. Sales
of doeskins are in small lots only, and there is a very indif­
ferent demand for cotton-warp and cotton-mixed goods.
Woolen and worsted dress goods for spring in fair request, and
a number of lines of low-priced staples and fancies sold up.
Flannels and blankets and carpets in quiet movement at
previous prices.

F oreign Dry G oods.—A fair business is reported in holi­
day lines, but otherwise seasonable trade limited to piecingout requirements o f no particular character. Spring orders
• In clu d in g ca ttle and h ogs In a ll m on th s a nd years.
o f moderate extent for woolen and worsted dress goods, but
N ote.—All the above figures are based on the monthly preliminar
tetom s issued by the Bureau of Statistics, and cover about 98 per cen t fair for cotton fabrics and silks. Hosiery and underwear in
of the total exports of breadstuffs and oil, about 99 per cent of provi­ fair request also, and rather above an average for linens.
sions, and nearly 100 per cent of cotton.
T o t. valu e.

W

65,166.258 427,747,046 58,828,936 451,550,491 65,771.893 514.345,58

I m p o r t a t io n s a n d W a re 'll o u se W i t h d r a w a ls o f D r y G o o d s

F o r oth er tables u sn ally given here see page 8 6 3 .

THE

DRY GOODS TRADE.

New Y ork , Friday , P. M ., November 16, 1894.

Nov . 13.

Great Britain........................
Other European...................
China.....................................
India............. . .......................
Arabia...................................
Africa.....................................
West Indies...........................
Mexico...................
Central America...................
South A m erica................ .
Other Countries...................
T o ta l......................... .
China, via Vancouver*....
T o t a l............... ...........

Week: Since Jan. 1.
104
12
1,065
1
930
99
279
14
330
1,510
86
4,430
562

5,037
2,996
71,026
6,345
20,477
7,170
15,589
1,917
8,793
48,381
3,172
190,903
20,318

Week. Since Jan. 1.
30
186
616
1
506
69
235
1,011
228
2,882
555

4,416
1,633
35,189
5,539
11,487
6,294
17,342
2,130
4Í372
44,970
2,533
130,905
32,146

4,992
211,221
3,437
163,051
* From New England mill point» direct.
The value of the New York exports since Jänuary 1 has
been $10,004,933 in 1894 against $7,817,592 in 1893.




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Total.
nt’dforc

The general sentiment of the market is better, but so far it
has found little expression in business. The demand for cot­
ton goods has increased in both staples and fancies, but in the
former it is still confined almost entirely to purchases for imme­
diate requirements. The absence of buying of staple cottons
for next season’s supplies by Western houses is a feature, as
there’ has usually at this period of the season been a consider­
able amount of business transacted of that character. The
condition of the cotton market, apart from other influences,
is against forward transactions from the buyers’ standpoint,
and they are only disposed to consider these on a price basis
below sellers’ present ideas. The tendency of prices is, how­
ever, in favor of buyers. For fancy cottons for spring the
demand, although late, is better than a year ago. In the
woolen goods divisions business is fair for dress goods but
slow for men’s-wear fabrics, reports from out-of-town dis­
tributing centres showing irregular conditions, the Southern
markets making poorest returns.
Domestic Cotton G oods.—The exports of cotton goods
from this port for the week ending Nov. 13 were 4,430
packages, valued at .*1314,470, their destination being to the
points specified in the table be o -

The importations and warehouse withdrawals of dry goods
at this port for the week ending November 15, and since Jan, 1,
1894, and for the corresponding periods of last year are as
follows :

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THE CHRONICLE.

N ovember 17, 1894.J

State

ai»»

City Department.

TERMS OF SUBSCRIPTION.
Commercial and Financial CHRONICLE

con­

tains 4 0 to 6 4 pages, published every week.

State and City Supplement of CHRONICLE con­
ISO pages, published periodically.
Investors’ Supplement of CHRONICLE (a Cyclo­

tains

paedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
Subscription to CHRONICLE for one year $ 1 0 . 0 0 ,
which includes every issue of both Supplements.

Terms of Advertising—(Per inch space.)
One tim e.......... ..................... $350 I Tnree Months (13 times) ..$25 00
One Month
(4 times)..
11 00 Six Months
(26 times).. 43 00
Two Months
(8 times).. 18 00 |Twelve Months (52 times).. 58 00
(The above terms for one month and upward are for standing cards.)

T he purpose of this State and City Department
is to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
Bhall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and City Supplement to as near the current date as
possible. Hence if every Subscriber will note in his Supple ­
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.

Kansas City, Mo.—(Chronicle, vol. 58, pages 744, 954 and
1046, and vol 59, page 302.)—Messrs. Blair & Co., of New
York City, have made a contract with the city authorities of
Kansas City, Mo., to take $3,000,000 of
per cent water
bonds to be issued for the purpose of purchasing the plant of
the National W ater-W orks Company.
A ll of the legal preliminaries for the purchase and convey­
ance of the water-works property have not as yet been con­
summated, but it is expected that the company’s system will
come under municipal ownership within a few months. The
litigation between the company and the city has been of long
standing, but recent decisions have been in favor of the
transfer.

889

Mount Yernon School Bonds.— There has been an unfor­
tunate hitch in the placing of school bonds to the amount o f
$50,000 recently issued by the city of Mount Vernon, N. Y .
After the award had been made it was discovered by the pur­
chasers that the election at which the bonds were authorized
had not been advertised strictly in accordance with the re­
quirements of the law. No further steps in issuing the secu­
rities can now be taken until the Legislature shall pass an
enabliog act or legalize the vote of the people by a special
resolution.
W ork on the school buildings for which the proceeds of this
issue were to pay has already been began, and unless some
temporary arrangement is made that will have co be sus­
pended.
Mount Vernon is now asking for bids on $40,000 of tax re­
lief bonds, as is mentioned in an item under the following:
“ P roposa ls and N egotiations
B o n d P r o p o s a l s a n d N e g o t i a t i o n s .— W e have re­
ceived through the week the following notices of b »nos
recently negotiated and bonds offered and to be offered for
sale.

Allegheny, Pa.— (C h r o n ic l e , vol. 58, pages 649, 691, 744,
786 and 1081, and vol. 59, page 37.)— Bonds of this city to the
amount of $1,400,000 will be recommended, $500,000 of which
amount will be for re-paving streets, $400,000 for water pur­
poses, $300,000 for suburban streets and $200,000 for sewers.
A rlin gton Heights, Ohio.—(C h r o n ic l e , vol. 59, pages 525
and 750.)—On November 7, 1894, the hamlet of Arlington
Heights sold $6,000 of 6 per cent water-works bonds to Deitz,
Dennison & Prior for $6,421 and accrued interest. The se­
curities are dated November 1, 1894; interest will be payable
semi-annually on May 1 and November 1 at First National
Bank of Lockwood, Ohio, and the principal will mature Nov­
ember 1, 1924, with an option of call after November 1, 1914,
Seven bids were received for the loan as follows:
Seasongood & Mayer, Cincinnati, O., bid par, int. and pretn. o f.*191 50
Kudolpn Kleybolte & Co.,
“
“
“
“
“ «
36000
Western German Bank,
“
“
«
“
« «
318 00
Deitz, Dennison & Prior, Cleveland, O.,
“
“
“
“
4 2 100
Lampreeht Bros. Co.,
“
“
“
“
•« «
435 0
0
Cusbinan, Fisher & Co., Coston, Mass.,
“
“
“ “
105 00
S. A. Kean & Co., Cbieago, 111., bid par.
The hamlet has no other bonded indebtedness, and its as­
sessed valuation, about two-thirds of actual value, is $150,000; total tax rate (per $1,000), $26.
Bedford City, Y a .— (C h r o n ic l e , vol. 59, page 485.)— It is
reported that this city has voted to issue $20,000 of bonds for
water works.

Binghampton, N. Y .— This city will soon issue
per cent
building bonds to the amount of $25,000.
Cadiz, Ohio.— (C h r o n ic l e , vol. 59, pages 663 and 804.)—On
November 1, 1894, the City of Cadiz sold $20,000 of 5 p. c.
court-house bonds to John Rogers & Son, of Bedford, Ohio, for
Macon County, Mo., to Tote on a Compromise.— The $20,657 and accrued interest. Twenty-one bids were received
for the loan, as follow s:
Macon County Court has called an election for December 15
_ .
, _
_ .. . _
Amount Bid.
$20 657 00
to vote on a compromise proposition made by the holders of John Rogers & Son, Bedford, O........................................
First National Bank, Niles.................................................20|650 00
county railroad aid bonds issued to the Missouri & Mississippi Deitz, Dennison & Prior, Cleveland........................... 20*,603 00
Co.,
20 595 00
R R ., and now long over due. The debt at present amounts Lampreeht Bros.Co., CCleveland... ......................................... 2o!590 00
Mason, Lewis &
b ie a g o .......................... ....................’
20 548 00
to something over $1,000,000, and is represented by 6 per cent, Harrison National Bank, Cadiz ........................ .
Farson, Leacb & Co., Chicago............. ................... 2o!527 00
7 per cent, 8 per cent and 10 per cent bonds, and the accrued Blake Bros. & Co., Boston........... ...............................¿ j. . . . . . 20,510 00
interest. It is claimed that the securities were issued and L. T. Lewis, Dayton ........ ............................................... ........ 20,510 00
E. H. Gray & Go., Chicago......................................................... 20,513 00
sold without proper authorization and the railroad for which Spltzer & Co., Toledo ......................................................
20,508 00
Seasongood, Mayer & Co., Cincinnati........................ .......... I 20,503 28
the debt was incurred was never built. The litigation over N. W. Harris & Co., Chicago....................................... ............. 20,502 00
the bonds has already cost the county over $100,000. The E. H. Rollins & Co., Boston........ ........... .........'.... ............... . . . 20,475 20
W. J. H ajes &Sons, Cleveland............................. .................. .* 20,46 i OO
bondholders are now offering to make an exchange at the rate Glen Wright, Cincinnati........................................ ................... 20,45100
Rudolph Kleybolte & Co., Cincinnati............. ................ .
20,45000
o f 59% cents on the dollar for new 5 per cent 20-year Illinois Trust & Savings Bank, Chicago..... .................... .
20,426 50
b
bonds.
The bondholders presented a petition signed by Blodget, Merritt < Co., Boston................ ............. ; ................. 20,414 00
Com. Inv. co., Denver..............................................................I 20,300 00
what purported to be 215 tax-payers of the county, Jas. W. Longstreet& Co., Boston................ ............................. 20,251 Oo
but the court after carefully examining the list decided
Casper, W yom ing.—(C h r o n ic l e , vol. 59, page 709.)—W ater­
there were only 125 bona-fide tax-payers on it.
Never­ works bonds to the amount of $30,000 have been voted but
theless it was considered that the petition was mandatory, are not yet disposed of. Casper has no indebtedness at pres­
ent. The total assessed valuation (about two-thirds of actual
and the election was ordered accordingly.
The figure at value) is $225,000. The estimated population for 1894 is 800,
which the compromise is offered does not meet with general based on a vote of 344 cast at the November election.
approbation, it is said, and the contest over the proposition
•Cass County, N. Dak.— (C h r o n ic l e , vol. 59, page 750.)—A t
is likely to prove a hot one. A large number of the bonds the election held on November 6th, 1894, the question of is­
suing county bonds for $15,000 was decided in the affirmative.
are held by St Louis parties.
Cazenovia, N. Y.— (Chronicle , vol. 59, pages 616, 663, 753
Mercer County Bond Suit.— Suit has been brought by and 805.)—The following bids were received on Nov. 10 for
the Provident Life & Trust Company of Philadelphia against $25,000 of 4 per cent village sewer bonds.
A
$
James Russell Barrett, Cazenovia. par and a premium of $166 66 .
Mercer County, Kentucky. The Trust Company is the owner
Lampreeht Bros. Co , Cleveland, O., par and a premium of $125.
of county bonds to the amount of $100,000, which were is­
8 eymour Benson & Co., New York and Tacoma, par and a premium
sued in aid of the Louisville Southern Railroad. No interest, of *67 75.
Whann & Schlesinger, New York, par and a premium of 57,100 p.c.
it is claimed, has been paid on the securities since 1892. The
George M. Hahn, New York, par, no premium.
The securities will be dated December 1,1894, and will m a ­
county alleges, in defense, that the bonds should not have
been issued, and that it is not liable for the reason that the rail« ture December 1,1914. Interest will be payable semi-annually
on the first days of June and December, and the bonds must
road failed to comply with the terms and conditions of the be paid for and will be delivered to the purchasers on Decem­
contract made.
ber 1, 1894,




890

THE CHRONICLE.

The total debt of Cazenovia on October 10,1894,was $41,000,
and the assessed valuation of real estate for this year is $725,975; personal property, $206,200; total assessed valuation,
$932,175. Property is assessed at about one-half of its actual
value. The total tax rate per $1,000 is $25 60. In 1890 the
population of the village, as reported in the United States
Census, was 1,987; in 1880 it was 1,918. A ll bonds of the vil­
lage are exempt from taxation.
Columbiana, Ohio.—(C h r o n i c l e vol. 59, pages 343, 525 and
805.)—Bonds of this municipality to the amount of $30,000
have recently been voted for water-works.
Detroit, Mich.—(C h r o n i c l e , vol. 58, pages 915 and 1002,
and vol. 59, pages 38, 125, 299, 525 and 751.)— Sealed proposals
will be received until January 7, 1895, by the Board of Water
Commissioners for the purchase of $100,000 of 4 per cent
30*year gold water bonds of the city of Detroit, dated January
10,1895. Interest will be payable semi-annually, and both
principal and interest will be payable in New York City.
Tenders may be made for the whole issue or part thereof, not
less than $20,000. The faith and credit of the city of Detroit
is pledged for the redemption of these securities and they are
further secured by more than $4,500,000 of physical proDerty
belonging to the water commissioners. The Board of Water
Commissioners has redeemed from 1883 to 1894, inclusive,
from its own resources bonds of like issue amounting to
$518,000.
— City Comptroller C. W . Moore notifies the C h r o n i c l e that
the citizens of Detroit voted by a large majority on November
6th in favor of the proposition to issue $250,000 of public
sewer bonds.
Douglas County, Neb.—(Chronicle, vol. 59, pages 663 and
709.)— County Treasurer H . B. Irey reports to the Chronicle
that the proposition to issue 4 % per cent bonds for $1,000,000
in aid of the construction of a canal from the Platte River to
Omaha was defeated at the election last week.
Eaton Rapids, Mich.— Water-works bonds of Eaton Rap­
ids to the amount of $35,000 were voted on November 6th.
Elmwood Place, Ohio.—(C h r o n i c l e vol. 59, page 805.)—I t
is reported th a t on N ovem ber 6 the proposition of issuing 6
per cent w a te r-w o rk s bonds to the am ou nt of $30,000 failed to
receive the required tw o -th ird s vote.
Floyd County, Ga.—(C h r o n i c l e , vol. 59, pages 572 and
846.)— It has been decided that two-thirds of the registered
voters was necessary to carry the proposition to issue $40,000
of Floyd County bonds,
and it was therefore de­
feated. The number of registered voters was 3,900 ; number
of votes necessary to carry bonds, 2,600; number of votes
cast in favor of bonds, 2,220. The County Treasurer writes
us that the question will be brought up again sometime after
the first of the year.
Fort Worth, Texas.— Bonds of this city to the amount of
$150,000 will probably be isued for extensions and improve­
ments to the water system.
Golden Gate Sanitary District, Oakland, Cal.—(C h r o n i ­
c l e , vol. 59, page 300.)— Proposals will be received until
December 4, 1894, for the purchase of $40,000 of 5 per cent 1
to 20 year sewer bonds.
Gothenburg, Neb.—(C h r o n i c l e , vol. 59, page 805.)—T h e
people of this city w ill vote N ovem ber 19 on the proposition
of issuing bonds fo r w ater-w o rks.
Grand Junction, Col.—(C h r o n i c l e , vol. 58, pages 565, 744
and 877.)— The citizens of Grand Junction will probably vote
on issuing $200,000 to $300,000 of bonds for water works,
Hamilton, Ohio.—(C h r o n i c l e , vol. 58, pages 565, 744, 953,
1002 and 1046, and vol. 59, pages 201, 245, 384, 439 and 710.)—
It is reported that on October 23,
per cent sewer bonds of
Hamilton to the amount of $24,000, maturing at the rate of
$2,000 yearly from 1896 to 1907, were sold at 100’ 156J^, and 5
per cent electric-light bonds to the amount of $50,000, matur­
ing at the rate of $10,000 yearly from l914 to 1918atl03'42 1-5.
Seven bids were received for each of the loans and the bonds
were all awarded to Seasongood & Mayer.
Hastings, N. Y.— Sewerage bonds of this municipality are
under consideration.
Irvington, N. J.— It is reported that this municipality has
recently disposed of $15,000 of bonds.
Kalamazoo, M ich.— (C h r o n i c l e , vol. 59, page 663.)— A t
the bond election held in Kalamazoo on November 6th two
propositions were submitted to the voters, and both were car­
ried. The first proposition, authorizing the City Council to
construct an electric-lighting plant carried by a vote of 1,878
to 1,397. The other proposition was to authorize the City
Council to borrow $40,000 to be used in constructing such a
plant, or for the purpose of lighting the city with electric
fights or otherwise, through a contract, and this was carried
by 1,868 to 1,419.
A n attempt to float'electric-light bonds was made by this
city early in the year and bids of par and accrued interest
J were received for more than $400,000 of 4 per cent 5-year
bonds. A t this point, however, a temporary injunction was
obtained by certain parties in the interest of the local com­
pany, which has been lighting the streets for over eight years.
To avoid the technical points on which their complaint was
based, the Council decided to submit the question of building
a plant as well as the question of the issue of bonds to the
amount of $40,000 for the cost of the same to the people at
the general State election, on the 6th of November. This was
accordingly done, with the result already mentioned.




LVo l .

hit.

According to a statement made by City Clerk Chauncey
Strong, Kalamazoo has no bonded debt and only a small float­
ing debt, which is probably equaled by the amount of cash in
the city treasury. The county has no bonded debt nor has the
school district. The assessed valuation is a little short of
$8,000,000, on a basis of 40 to 50 per cent of actual value. The
population as per the State Census made in June last is a
little over 21,000.
La Crosse, Wis.—(C h r o n i c l e , vol. 58, pages 787 and 832,
and vol. 59, page 805.)—City Clerk William T. Symons writes
the C h r o n i c l e that no new La Crosse water bonds have as
yet been authorized. Action will probably be taken, how­
ever, some time this winter on a bond proposition, and it is
hoped that the improvements to the city water-works system
may be made next spring.

Lebanon, Ohio.— A n election will be held on January 8,
1895, to vote on the question of issuing water-works bonds
for $50,000.
Lincoln, Neb.—(Chronicle, vol. 59, page 710.)—A t the elec­
tion last week the proposition for water-works extension bonds
to the amount of $26,600 was voted down.
Louisville, K y.— (C h r o n i c l e , vol. 59, pages 245, 344, 572,
710, 751, 805 and 846.)—A t the recent election in Louisville
the question of issuing $1,000,000 of 20-40-year park bonds
was submitted to the voters. Out of a total vote of about
35,000 about 12,000 votes were cast on the bond question, and
of these about 9,200 were in favor and 2,800 against the propo­
sition, the result being more than a two-thirds vote in favor of
the bonds. The validity of the issue will be passed upon by
the courts before the securities are offered for sale.
City Attorney Barker asked for a certificate that the bond
issue had carried, but his request was objected to on the
ground that it had not yet been decided whether the law re­
quired that two-thirds of the entire vote cast at the election
was necessary to make the issue carry, or whether only tw othirds of the vote cast on that particular issue was required.
Marion, Ohio.— (C h r o n i c l e , vol. 58, page 915, and
vol. 59, pages 201, 385 and 751.)— Six per cent street improve­
ment bonds of this place to the amount of $74,000 have been
awarded to Deitz, Dennison & Prior, of Cleveland, for a total
premium of $7,782.
Meehanicsburg, Ohio.— School bonds to the amount o f
$3,000 have been sold at 102 '041%.
Minneapolis, Minn.— (C h r o n i c l e , vol. 58, page 954, and
vol. 59, pages 344, 617 and 710.)— A t the election held on
November 6 the question of issuing 30-year4 percent electriclight bonds for $300,000 was decided in the negative. City
Comptroller W . G. Nye reports that but 13,000 out of a total
of 39,000 voted yes, and the law requires a two-thirds majority
of all votes cast.
Monroe, N. Y.— Four per cent water-works bonds of this
village to the amount of $36,000, running 30 years, were voted
on November 10. The assessed valuation of Monroe for 1894
is $411,000.
Monson, Mass.— (C h r o n i c l e , vol. 58, page 1003.)—Propo­
sals will be received until November 21, 1894, by Arthur D.
Norcross and Edward F. Morris, W ater Commissioners, for
the purchase of $50,000 of 4 per cent coupon water bonds.
The securities are dated September 1, 1894, with interest pay­
able semi-annually, and the principal will mature at the rate
of $1,000 yearly from September 1, 1895, to 1902, inclusive;
$2,000 yearly from September 1, 1903, to 1911, inclusive, and
$3,000 yearly from September 1, 1912, to 1919, inclusive.
Both principal and interest will be payable at the Monson
National Bank.
The town is free from debt, excepting $18,000 borrowed
temporarily in anticipation of the sale of the above-men­
tioned bonds, and its assessed valuation for 1894 is $1,739,373.
Mount Vernon, N. Y.—(C h r o n i c l e , vol. 58, page 1046, and
vol. 59, pages 164, 246, 344, 617 and 751.) Proposals will be
received until November 20, 1894, by the Common Council,
for the purchase of $40,000 of 5 per cent tax relief bonds. The
securities will be dated October 1, 1894, interest will be pay­
able semi-annually and the principal will mature October 1,
1897. Both principal and interest will be payable at the office
of the City Treasurer, the bonds to be delivered December 1,
1894.
New Bedford, Mass.— (C h r o n i c l e , vol. 58, pages 692, 745
and 746.)—Proposals will be received until December 7, 1894,
by Hon. Stephen A . Brownell, Mayor, for the purchase of
$200,000 of 4 per cent coupon water-works bonds, to be se­
cured by pinking fund. The securities will be dated Decem­
ber 15,1894, interest will be payable semi-annually on April
1 and October 1, both principal and interest to be payable in
gold if demanded, and the principal will mature December
15, 1924. These bonds are part of an issue of $1,200,000 auth­
orized by act of the general court, approved May 4, 1804, and
by an order of the City Council passed November 8, 1894.
New Orleans, La.— (C h r o n i c l e , vol. 59, pages 201 and 440.)
— A call has been made for the payment of all of the extended

six per cent bonds of the city of New Orleans, and they will
be redeemed on and after January 1, 1895, at which time in­
terest will cease. The bonds are described numerically as fol­
lows : Numbers 1 to 5935, inclusive, for $1,000 each; , numbers
1 to 132, inclusive, for $500 each; numbers 1 to 101, inclusive,
for $100 each, and numbers 1 to 476, inclusive, for $50 each.

THE CHRONICLE.

N o v e m b e r 17, 1894.]

New Painesville, Minn.— (C h r o n ic l e , vol. 59, pages 573,
664 and 809.)— Village Recorder Alfred T. Watson, who is
asking for proposals until December 20th for $5,000 of 6 per
cent 20-year bonds writes that the assessed valuation of New
Painesville is $76,242. This, he says, is 25 per cent, more than
last year, and the valuation of last year was about 33 per cent,
in advance of that for 1892. The village has no other indebt­
edness.
Newton, Mass.—(C h r o n ic l e , vol. 58, pages 917,955 and 1048,
and vol. 59, pages 126, 164, 487 and 751.)—Proposals will be
received until November 15, 1894, by John A . Kenrick, City
Treasurer, for the purchase of $80,000 of 4 per cent coupon
boulevard bonds due October 1, 1914, and $9,000 of 4 per cent
coupon school bonds due July 1, 1914. Interest on the boule­
vard bonds will be payable April 1 and October 1, and that on
the school bonds January 1 and July 1, at the office of the
City Treasurer or at the National Revere Bank, Boston, Mass.
Separate bids will be received for each of the above-mentioned
loans, those for the boulevard bonds to include premium and
accrued interest from October 1,1894, to date of delivery, and
those for the school bonds to include premium and accrued
interest from July 1, 1894, to date of delivery.
Niagara Falls, N. Y.—(C h r o n ic l e , vol. 59, page 385.)— It is
reported that school bonds of Niagara Falls to the amount o f
$3,000 have recently been disposed of at 101.
Niles, Mich.—(C h r o n ic l e , vol. 59, page 39.)—Bonds to the
amount of $75,000 have been voted for water-works.

891

Reno, Nev.— It is reported that improvement bonds of this
municipality to the amount of $21,000 have been sold at 101.
Ridge Township, Van Wert County, Ohio.— (C h r o n ic l e ,
vol. 58, page 693, and vol. 59, page 751.)— It is reported that
road improvement bonds of this township to the amount of
$12,000 were sold on October 30. The securities bear interest
at the rate of 5 per cent, payable semi-annually from October
1, 1894, at the Van Wert National Bank, $3,000 of the amount
falling due April 1, 1915, $7,000 April 1, 1916, and $2,000 April
I , 1917. This is the last of an authorized issue of $100,000.
San Antonio, Texas.—(C h r o n ic l e , vol. 58, page 1002, and
vol. 59, pages 300, 345, 488 and 751.)—It is reported that
$500,000 of gold sewerage bonds of San Antonio have been
sold to a firm in Chicago. The loan is dated September 1,
1894, bears interest at the rate of 5 per cent, payable semi­
annually, and matures September 1, 1934.
Seneca, Kas.— The people of this municipality will vote
November 15 on issuing bonds for water works.
Shenandoah, Pa.—(Ch r o n ic l e vol. 59, page 664.)—A vote
taken on November 6 on issuing $50,000 of water-works bonds
resulted in favor of the proposition.
South Bend, Ind.—(C h r o n ic l e , vol. 58, page 1048 and vol.
59, page 127.)—Street improvement bonds of South Bend to
the amount of $37,000 have been authorized by the Council.

South Williamsport, Pa.—Refunding school bonds to the
Northfleld Union Free School District No. 5, New amount of $18,000 will soon be issued.
York.—(C h r o n ic l e , vol. 59, page 710.)—On October 28 ten
Sparta, W is,— (C h r o n ic l e , vol. 59, page 752.)—J. J . French,

bids were received for $25,000 of school bonds issued by thisdistrict. The securities will mature at the rate of $1,000
yearly from 1895 to 1919, and proposals were asked for bonds,
with interest at 5 per cent or at 6 per cent, or the lowest
rate of interest which would be accepted if the bonds were
taken at par. The following is a list of the offers:

Bidders.

Rate o f Interest.

Price Offered

W. I. Quintard....................................5 per c e n t ......................103*76
Richmond County Savings B a n t .......6 per cent.........................109
do
do
do ........ 5 per cent ...................... 100
Staten Island Savings Bank................ ..6 per cent...................... 109*25
Street, Wykes & Co................
..6 per cent.........................102-84
E. Morrison........ .................................. 6 per ce n t.......................100-79
G. M. Hahn.............................................. 6 per cent................. ,...102-79
Whann & Schlesinger...............
5 per cent...............
.103-90
Benwell & Everitt.................................. 6 per cent.......................103 30
Farson. Leach A C o ...........
....5 per cent..............
104-20
D. A. Moran & Co.................................6 per c e n t ...............,1 0 1 1
e
The bonds were awarded to Farson, Leach & Co. on their
bid of 104 '20 for fives.
Olean, N. Y .— (Chronicle , vol. 58, page 1120, and vol. 59,
page 84.)— Bids will be received until November 20 at the
office of George M. Mayer, City Clerk, for the purchase of
$43.000 of 4 per cent registered bonds, dated November 1,
1894. Twenty-seven thousand dollars of the amount will be
issued for the pavement of Barry Street, and w ill become due
at the rate of $2,700 yearly from November 1, 1895, to Nov­
ember 1, 1904, and the remaining $16,000 will be issued for
the pavement of East State Street, and will become due at
the rate of $1,600 yearly from November 1, 1895, to Novem­
ber 1, 1904. Interest on the bonds will be payable annually,
both principal and interest to be payble at the Farmers’ Loan
& Trust Company, New York, or at the office of the City
Treasurer, as the purchaser may desire. If no bids are re­
ceived for the securities at 4 per cent, they will be offered at
the same time and place at 4 ^ or 5 per cent.
A statement regarding the finances of the city is given be­
low, Olean is in Cattaraugus County and was incorported
as a city April 25, 1893, succeeding the village of Olean.
LOANS—
When Due. Total debt Nov. 1,1894. $190,200
Ci t y B d il d in g —
Water debt (included)..
72,500
4iflS, A&O, $14,000........ 1895-1898 Tax valuation, real....... 2,210,850
P a v in g B on d s—
Taxvaluation, personal 342,800
5s, Oct. 1, $39,000.........1895-1897 lo ta l valuation, 1894.. 2,553,650
5s, July,
13,600.........1895-1904 Est’d actual valuation.. 4,350,000
Se w e r B o n d s City tax (per $1,000)...
$14-60
58, J&J, $16,100.............1895-1901 Population in 1890 was...... 7,358
4s,J&J. 35,000.......... ,.1912-1918 Population in 1880 was....... 3,036
W a t e r W o r k s B o n d s—
Population town 1890 was. 11,507
4*28, J&J, $60,000..........1896-1903 Population town 1880 was. 6,575
4*28, J&J, 12,500......... 1909-1914
INTEREST on the city building bonds is Dayable at the National
Park Bank, N. Y.; on all other bonds at Farmers’ Loan & Trust
Company, New York.

Treasurer, writes the C h r o n ic l e that the citizens of Sparta
have voted in favor of issuing $22,000 of water-works bonds
by a majority of 247. The date of sale of the loan has not as
yet been fixed.

St. Bernard, Ohio.—(Ch r o n ic l e , vol. 59, pages 617 and
664.)—Proposals will be received until December 6, 1894, by
J. G. Overman, Village Clerk, for the purchase of $3,100 of 6
per cent bonds, to be issued for street improvements.
Steubenville, Ohio.—(C h r o n ic l e , vol. 58, page 652, and
vol. 59, pages 488 and 574 )—Proposals will be received until
December 10,1894, by James M. Reynolds, City Clerk, for the
purchase of $100,000 of 4 per cent water-works bonds, the loan
to become due in 30 years.
St. Johns, Mich.—(C h r o n ic l e , vol. 58, pages 566, 745 and
878, and vol. 59 pages 85,164 and 806.)—On November 12,1894,
the village of St. Johns sold $10,000 of 5 per cent sewer bonds
to N. W . Harris & Co. for $10,262 50 and accrued interest.
The securities are dated November 20, 1894; interest will be
payable semi-annually on April 1 and October 1 at such
place as the purchasers may designate, and the principal will
mature at the rate of $2,000 yearly from October 1, 1906, to
October 1,1910.
Fifteen bids were received for the loan as
follow s:
Bids.
8t. Johns National Bank.................................................... ....,$ 1 0 ,1 0 0 OO
Mason, Lewis A Co., Chicago....... ........................................... 10,097 50
8. A. Kean. Chicago.................................................................
10,150 00
Olmstead & Taylor, New Y o r k . .. . . . . . . .............................. .
10,031 00
W. J. Hayes & Son, Cleveland..............................................
10,102 OO
The Lamprecht Bros. Co., Cleveland............................ .......... 10,050 00
Russell & Mitchell Co., Cleveland..........................................
10,130 50
Farson, Leach A Co., Chicago............... ................................... 10,158 OO
First National Bank, Niles, O.......................................... ........ 10,065 OO
James W. Longstreet & Co., Boston........... .............................. 9,901 00
Cushman,Fisher A Co.,Boston............. .................................... 10,193 50
M. H. Dodge, Cleveland............................................................. 10,110 50
Spitzer A Co., Toledo....................................................... ........ 10,157 00
Deitz, Dennison A Prior, Cleveland........................................ 10,231 00
N. W. Harris A Co., Chicago............. ......................................... 10,262 50
The total bonded debt of the village on October 26, 1894, was
$80,000, including $60,000 of water-works bonds and $20,000
of sewer bonds. Its assessed valuation for 1894 of real estate
is $1,088,990 ; personal property, $642,380 ; total, $1,731,370 ;
estimated actual value, $3,000,000. The population, according
to the Census of 1894, is 3,440,
Swarthmore, Pa.—(C h r o n ic l e , vol. 59, pages 39, 165 and
246.)—Regarding a borough loan of $16,000, authorized some
time since, President Edward Sellers writes us that 4 or 4 ^
per cent bonds for that amount will probably be taken at par
by local capitalists.

Patton School District, Pa.—W e are notified by W illiam
Toledo, Ohio.—(C h r o n ic l e , vol. 58, pages 651, 746, 788,
H. Sanford, Borough Treasurer, that $10,000 of school bonds 878, 1005, 1048 and 1084, and vol. 59, pages 39, 203, 441, 526,
to be issued by this district will bear interest at the rate of 4 574, 664 and 711.)—Bonds of Toledo to the amount of $200,000
per cent, payable semi-annually in June and December at were voted on November 6 for the construction of a bridge
the First National Bank of Patton, and will mature Decem­ across the Maumee River. The securities will run for a period
ber 1, 1914, with an option of call after December 1, 1899, the of not less than 20 years nor more than 30 years, and will
bonds to be exempt from taxation.
bear interest at a rate not exceeding 4 per cent.
The borough was organized in October of 1893, and neither
Union City, Mich.—(C h r o n ic l e , vol. 59, pages 387 and 574.
district nor borough have at present any indebtedness. The
borough’s assessed valuation for 1894, which is 80 per cent of — It is reported that bonds to the amount of $20,000 have re­
actual value of real estate, is $211,110; personal property, cently been sold for water-works.
$46,120; total, $257,230; total tax (per $1,000), $25. The
Yandalia, 111.—Bonds of this city will be issued for water­
estimated population of the borough is 2,000.
works estimated to cost about $30,000.
Pleasant Ridge, Ohio.— (Chronicle, vol. 59, pages 244 and
Wapakoneta, Ohio.—(C h r o n ic l e , vol. 59, page 752.)— At
488.)— Sealed proposals will be received until November 24 by
Robert T. Hutton, Village Clerk, care of the Second National the election last week the village of Wapakoneta voted down
Bank, Cincinnati, for the purchase of $3,170 98 of Cypress the proposition to issue water bonds to the amount of $60,000
Avenue improvement bonds. The bonds will be dated Oct. 18, and electric-light bonds for $7,000.
1894, will bear interest at the rate of 6 per cent, payable annu­
Warren, Ohio.—(C h r o n ic l e , vol. 59, pages 711 and 806.)—
ally, and will become due yearly in equal instalments in from It is reported that sewer and bridge bonds of Warren to the
1 to 10 years.
amount of $25,000 have been sold at par.’




[V ol. LlX,

THE CHRONICLE,

892

$580.
Washington School District, Hartford, Conn.—(C h r o n $5,000.
$950.
ImproveSewers.
ments,
Sidewalks.
I6 LE, vol. 59, page 752.)-S e v e n bids were received on Novem.
ber 12th by Chairman John F. Relihan for $35,000 of the bonds E. H. Rollins & Bro., Boston, Mass— $5,363 60 $"9Ö0ÖÖ $ . . . .00
595’
C. H. White & Co., New Y o r k ............ 5,290 00
of this district. Messrs. H . C. Warren & Co., of New Haven, Season good & Mayer, Cincinnati, O ... 5,271 25
971 00 586 50
975 00 590 00
purchased $27,000 at 101-35, and the remainder, amounting to First National Bank, Youngstown, O.. 5,190 00
O
18 000, was awarded to a private investor in Hartford at 102%. Lampreoht Bros. Co., Cleveland, 0 ...... 5,350 O
S. A. Kean, Chicago, 111.......................... 5,075 00
The securities will be dated August 1st, 1894, bear interest at Z. T. Lewis & Co., Dayton, O........•
1,014 75
619 75
....... 5,369 75
the rate of 4 per cent, payable semi-annually (F. & A .), and Wick National Bank, Youngstown, O .. 5,200 O
980 00
595 00
O
976 00
590 50
the principal will mature in 25 years with an option of call at Dol. Sav. & Trust Co., Youngstown, O. 5,225 00
any time after ten years. Both principal and interest will be
The $5,000 of sidewalk bonds mature at the rate of $1,000
payable in gold at the Hartford National Bank. Tbe pur­ yearly from October 1, 1896, to 1900. Of the $950 W est
chaser will be required to pay accrued interest to December 1 Rayen Avenue sewer bonds, $200 are due yearly from Oct*. 1,
1896 to 1899, and $150 on October 1,1900, and of the $580 of South
in addition to the amount of his bid.
Waterbury, Conn.— This city will negotiate a loan of Market Street guttering bonds $200 are due each year on Oct.
1,1896 and 1897, and $180 on Oct. 1, 1898. A ll of the bonds
$50,000.
bear interest at the rate of 6 per cent, payable semi-annually,
Wayne County, Neb.—(C h r o n i c l e , vo l. 59, page 806.)—A t both principal and interest being payable at the office of the
the election held on N ovem ber 6, 1894, the question of issuing City Treasurer.
'
court house bonds for $80,000 was voted dow n .

Wayne County, Ohio—(C h r o n i c l e , vol. 59, page 39.)— A t
the election held on November 6, 1894, the question of issuing
county building bonds for $1,500,000 was carried.
The
interest rate, date of maturity and other details in regard to
the bonds have not as yet been decided upon.
West Hoboken, N. J.—It is reported that improvement
bonds of W est Hoboken to the amount of $50,000 have been
sold to E. H . Rollins & Sons, of Boston, at 103'69. Five bids
in all were received for the loan.

STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received since the
last publication of our S t a t e a n d C i t y S u p p l e m e n t .
Some of these reports are wholly new and others cover items
o f information additional to those given in the S u p p l e m e n t ,
and of interest to investors.
Am ericas, Ga.— (S t a t e

and

C i t y S u p p l e m e n t , page 165.)

Weston, Ohio.—It is reported that $15,000 of school bonds — The population of the city of Americas, Ga., in 1890 was

of this municipality have recently been disposed of.

West Pittston, Pa.— Sewer bonds of this borough to the
amount of $25,000 have recently been voted.

Youngstown, Ohio.—(C h r o n i c l e , vo l. 58, pages 694, 832,
879 917 and 1084, and vo l. 59, pages 39, 165, 247, 441 and 711.)
__On Nov 12 six per cent street bonds to the amount of $5,000
were awarded to Z. T. Lewis & Co. of Dayton, Ohio, for
$5 369 70; another $950 for $1,014 70, and $580 for $619 70.
Nine bids were received for the securities, as follows:

6,398 and not 22,107, as given in our S u p p l e m e n t . The
last-mentioned figures stand for the population of Sumter
County, in which the city of Americus is situated.
Connecticut.—(C h r o n i c l e , vol. 58, page 952.)—A special
report to the C h r o n i c l e from Marvin H . Sanger, State Treas­
urer, shows that there has been no change in the bonded in­
debtedness of the State since last year. The figures for Octo-

N E W LOANS.

N E W LOANS.

N E W LOANS.
Notice of Sale of Bonds.
M a y o r ’ s O f f ic e , C a d i z , O h i o , O ct. 29,1894.
Sealed P rop osa ls w ill b e re c e iv e d a t th is office
u n til M onday, t h e th ird day o f D e ce m b e r, 1894, at
12 o ’ clo c k M .f f o r t h e pu rch ase o f $30,000 o f w ater
w ork s b on d s o f th e V i l l a g e o f C a d i z , O h i o ,
hearing d a te o f D e ce m b e r 3d, 1894, a n d p a y a b le as
fo llo w s , t o w it:
Serial N os. 1 .2 .............$1,000 d u e Sept. 1st, 1898
«
« 3 ,4 , 6 ......... 1,000 due Sept. 1st, 1899
H
“ 6, 7, 8 ......... 1,000 d u e Sept. 1st, 1900
9, 10, 11.. 1,000 d u e Sept. 1st, 1901
12, 13,14. 1,000 d u e Sept. 1st, 1902
15, 16,17. 1,000 d u e Sept. 1st, 1903
18, 19, 20. 1,000 du e Sept. 1st, 1904
21, 2 2,23. 1,000 d u e 8 ept. 1st. 1906
24, 26, 26. 1,000 d u e S ept. 1st. 1906
27, 28, 29. 1,000 d u e Sept. 1st, 1907
30.............. 1,000 d u e Sept. 1st. 1908
E a ch b ein g f o r t h e sum o f $1,000 and bearin g in te r­
e s t a t t h e ra te o f fiv e p er ce n tu m per annum , p a y ­
a b le sem i-annually.
,
.
.
,
Said bond s are Issued f o r th e pu rpose o f c o n s tr u c t­
in g w ater w ork s f o r said village, in p ursuan ce o f s e c­
t io n 2,837 as am en ded M arch 30,1894, in p u rsu an ce o f
an A c t o f th e G eneral A sse m b ly o f th e State o f O hio
en titled a n A c t t o issu e bond s f o r certa in purposes,
a n d o f an ord in a n ce en titled A n O rdinance N o. 23 t o
issu e w ater w ork s bond s, d u ly passed t h e 8th day o f
O ctober, 1894, authorizin g th eir issue.
Said b on d s w ill b e sold t o th e h igh e st b id d e r f o r
n o t less th a n th e ir par valu e.
..
.o
B id d ers are requ ired to s ta te th e n u m ber o r b o n d s
b id f o r a n d th e gross a m o u n t th e y w ill pay fo r th e
b on d s b id f o r a n d a ccru e d in te re s t t o d a te o f

German-American
Investment Co.,

W . H . L U C A S , T o w n Clerk.

P a y a b le In N ew Y o rk .
D a ted A u g u s t 18,1893.
A s s es s ed valu ation ................$30,031,652
T o ta l B o n d e d D ebt ................ 1.028,950
P o p u la tio n , 1880, 30,470; 1890, 49,266; 1894,57,000.
B ex a r C ou n ty Is o n e o f t b e largest a n d b e s t In th e
State o f T exa s. T b e City o f San A n to n io is C ounty
Seat. T h e C ou n ty has va rie d agricultural interests,
a n d s ix railroad ou tle ts d ive rgin g fro m San A n to n io .
T h e in d ebted n ess is low , being less tn an 4 per c e n t
Of th e assessed valu ation , and th e financial stan din g
o f th e C ou n ty is o f t h e h igh e st o rder.
T h e se b on d s a re issued u n d er t h e strin gen t g e n ­
era l law s o f T exa s, w h ich re n d e r th e m legal u nd er
certifica te o f th e A tto r n e y G eneral o f th e State.
P r ic e an d fu r th e r in fo r m a tio n u p o n app lication.

C. H. W H IT E & CO.,
BANKERS,
72 B R O A D W A Y ,

-

NEW YORK

THE WALL STREET JOURNAL
g iv e s valu able In form ation d aily o n stock s an d bon d s
D O W JO N E S & CO. 44 B ro a d Street.

$5.a y ea r.




FOR INVESTM ENT.

5 3 W A L L S T ., N E W Y O R K .
P A R T IC U L A R S

High

Grade Municipal Bonds

for investment by Savings BanJcs
and Trustees.

UPON A P P L IC A T IO N .

M EM B ERS OF T H E N E W Y O R K A N D BOSTON
STOC K E X C H A N G E S .
D E A L E R S IN C O M M E R C IA L P A P E R .

Descriptive circular

sent upon application.

Blake Brothers & Co.,
38 STATE
5

ST R E E T , BOSTON .

NASSAU

S T ., N E W

YORK.

M U N IC IP A L BONDS

$ 6 5 ,0 0 0
BEXAR COUNTY, TEXAS,
6% Gold 10-40 Year Court House Bonds.

BONDS

G rou n d F lo o r, op p o site C u stom H o u s e .)

^ A ^ e p o s i t o f $600 in m o n e y o r a ce rtifie d ch e ck fo r
th a t a m ou n t w ill b e requ ired o f e a ch b idder as an
ev id e n c e o f g o o d fa ith .
,
.
T h e rig h t to re j e ct a n y o r all b id s is re se rve d .
P rop osa ls m u st b e sealed and e n d o rse d B id s f o r
BOndS'

M U N IC IP A L

Rudolph Kleybolte & Co.,

For Investment.
P R IC E S

AND

P A R T IC U L A R S

UPON

A P P L IC A T IO N .

Street, Wykes & Co.,
44 W A L L ST R E E T ,

-

NEW Y O R K .

Investment Rankers,
3 0 W e s t T h ir d S tr e e t,

C in cin n a ti, Ohie,

Choice Investment Bonds o f Cities,
Counties and School Districts.

W . N . Coler & Co.,

L IS T S M A IL E D U PO N A P P L IC A TIO N .

BANKIERS.

City of Houston, Tex., 6% Gold Bonds,

$ 5 0 ,0 0 0

M U N IC IP A L BONDS
34 NASSAU STREET.

M a tu rin g M a y 1 st, 1 9 3 4 .
P r in c ip a l an d se m i-a n n u a l I n te r e s t pay­
a b le in N ew Y o r k in G o ld .
P r ic e an d particu lars and M u n icipa l B on d List
fu rn is h e d o n ap p lication.

W. J. HAYES

Sc

SONS,

C le v e la n d . 4 0 -4 3 W a l l S t., N . Y . B oston .

THE CHRONIOLK

NÖTOSOM» IT, 1894.]

ber 1, 1894, will be found in the statementbelow, together

MS

Greene County, Mo.—-(C h r o n ic l e , vol. 59, page 245.)—

David C. Henshey, Mayor. The following statement has been
withthose of previous years:
TOTAL DEBT, E t c .— The subjoined statement! shows Connect!* corrected to November 15, 1894, by means of a special report
ont’s total debt, and the civil lists deducted from the same, on each of to the C h r o n ic l e from the County Treasurer. The entire
the dates Inchoated.
Oat. 1.1894. Oct. 1,1893. You,, 1892. July, 1891. issue of 6 per cent bonds will be called for payment May ' 1,

Total funded debt.... S3,210,200 $3,240,200 $3,240,200 $3,540,200
CJivll list funds..........
738,418
853,402
924,417
984,076
Net debt.............. $2,501,782

*2,386,798 $2,315,783 $2,556,124

ASSESSED VALUATION.—The total assessed valuation of the
State has been as follows :
Tax valuation.
Tears.
Tax valuation. Tears.
1893..................- ....... $416,323,252 1888............................ $354,557,515
1892...........................$381,261,607 1887.......................... 352,795,9 >8
1891............................ 372,874,447 1885............................ 349,177,597
1889................ ........... 35S ,913,906
Berkeley County, W . Y a .— This statement has been correct­
ed to November 15, 1894, by means of a special report from
L. W . Doll, County Clerk.
County seat is Martinsburg.
LOANS—
When Due. Tax valuation 1894....$4,940,776
M4.RTIN
SBETRG & P o t o m a c RR.— State«fcCo.tax ((per $1,000).$14-: 0
6s, J&J, $105,000...................1911 Population in 1890 was.......18,702
Total debt Nov. 15,1894.$105,000 Population in 1880 w a s .....17,380
B razil, In d .— Alvin T. Hert, M ayor; John Macdonald,
City Clerk. The following statement of the indebtedness,
assessed valuation, etc., of the city of Brazil has been cor­
rected by means of a special report to the Chronicle ,
This city is ■
y County.
When Due. Bonded debt Nov., 1894. $50,500
LOANS5,478
Floating debt..................
So h o o l H ou se—
55,978
8s, M&N, $8,000 .......Nov. 1,1897 Total debt Nov., 1894...
6s, MAN, $7,000.........Nov. 1,1898 Tax valuation, real........ 2,337,290
6s, J&J, 3,0 »0.........Tuly 1,1899 Tax valuation, personal. 571,190
6s, MAN, 10,000.........Nov. 1,1901 Assessment about 23 actual value.
Tax rate (per $1,000). ......$ 1 0 '0 0
W iTKR-WOKKS—
9s, J&J. *8,500.......... July, 1895-6 Population in 1890 was.......5,905
6s, J&J, 1 ¿,000........ ’96, ’99 & '04 Present population a b ou t...8,000
4s, J&J, 3,000.......... July 1,1896
TAX FREE.—The 6 per cent water bonds due in 1899 and 1904 are
exempt from taxation.

N E W LOANS.
C IT Y

BONDS.

W E B U Y AN D SELL,
F arson, Leach Sc Co.,
No. 2 W A L L S T ; ,

-

N EW YORK

James N. Brown Sc Co.,
BAN KERS,

NEW Y O R K .

6 2 C ed a r S tr e e t,

M U N IC IP A L , CO U N T Y , SC HO O L A N D
T O W N S H IP BO N D S

BOUGHT

AND

L on g d istan ce T e le p h o n e :
“ U 4 COHTLANDT.”

SOLD.

C able A d d re s s:
“ R u d é r a t i o n , N. Y .,

Haight Sc Freese,
BANKERS & BROKERS
63

BROADW AY

NEW

YORK.

STOCKS, BONDS AMD GRAIN
B ou g h t and Sold a t 1-16 C om m ission.

Special attention given to out-of-town ac
counts.
T R A N S A C T A G E N E R A L B A N K IN G A N D STOCK
E X C H A N G E BU SIN ESS.

INVESTMENT BONDS.
A cco u n ts o f Banks, B ankers and Individuals
re ce iv e d o n fa v o r a b le term s.
B A N K R E F E R E N C E F U R N IS H E D .
U p to w n O ffice, 1132 B road w ay.

M O RTG A G E LOANS
IN

TEXAS.
7 P e r C ent a n d S P e r C ent N et.
NO COMMISSIONS ch a rged b orrow er o r len d ei
u n til loan s h a v e p ro v e n g o o d .

FRANCIS SM ITH & CO.,
SA N A N T O N IO , T E X A S ,




1895.
County seat is Springfield.
$82,500
LOANS—
When Due. I Cash ou hand..............
F u n d in g B o n d s —
|Net debt No v. 15,1894.
426,500
5s, May 1, $381,000_ 1897-1907 |Tax valuation, real___ 10,334,000
_
(Part due every 5 years on May 1) Tax valuation, pers’al. 4,937,000
R a il r o a d A id —
I Total valuation 1894.. 15,321,000
8s, April, $7,000...............Past due I Assessment about % actual value.
R e f u n d in g B o n d s—
|State tax (per $1,000)........... $2 50
6s, May 1, $121,000. .May 1, 1905 1County tax (per$l,<i00)........ $ 50
Subject to call May 1,1895
Population in 1890 was___48,616
Total debt Nov. 15,1894.$509,000 |Population 1894 a b o u t,....56,000
The 8 per cent bonds are supposed to be lost, as nothing can he heard
of them.
INTEREST on the 6 per cent bonds is payable at the Fourth Na­
tional Bank, St. Louis; on the 5 per cent bonds at the Laclede National
Bank, St. Louis.
Schuyler County, 111.— (S t a t e a n d C i t y S u p p l e m e n t ,
page 97.)— County seat is Rushville. The present bonded in­
debtedness of Schuyler County consists of forty bonds of
$1,000 each, $40,000, and thirty bonds of $500 each, $15,000,
bearing date of July 1, 1888, and drawing interest at the rate
of 5 per cent per annum, principal and interest payable at the
National Park Bank, New York City, by the State fiscal
agent. Interest payable semi-annually in January and July
of each year. The bonds are described as follows, v iz .:
10
10
15
10
15
10

bonds
bonds
bonds
bonds
bonds
bonds

of $1,000 each, due in 10 years................................$10,000
of
500 eaob, due iu 10 yea rs................... .
5,0 0
of 1,000 each, due iu 15 years....................... . . . . . 15,000
of
500 each, due in 15 years........ ...................
5,000
of 1,000 each, due in 20 years.........................
15,000
of
500 eaob, due in 20 years..............................
5,000

70 bonds (Registered May 23,1888.)..........................................$55,000

CHICAG O.
Title Guarantee & Trust
Company
OF C H I C A G O ,
9 2 , 9 4 & 9 6 W AS H IN G T O N .S T R E E T .
Capital, paid-up............. ,........,$ 1 ,6 0 0 ,0 0 0
Undivided oarnlngs, Including
surplus..
.........
S>39,000
Deposited with State Auditor. .
3 0 0 ,0 0 0
G U A R A N T E E S T IT L E S T O R E A L E S T A T E .
M AK ES AB STRAC TS OF T IT L E

Offers Investors In real estate securities
protection afforded by no other system of
doing business.
Is au th orised by law t o a ct as R eg istrar o f Stocks
and B on ds, E x e cu to r, R e ce iv e r and T ru s te e fo r
Estates, Syndicates, Individuals an d C orporations.
T ru st m o n e y s an d tru s t se cu rities k e p t separate
fro m t h e assets o f t h e C om pany.

CORRESPONDENCE S O L IC IT E D .
O FFIC E R S:
G W Y N N G A R N E T T , P residen t.
A . H . S E L L E R S , V ice -P re sid e n t.
A R C H I B A L D A . S T E W A R T , Secretary.
C H A S . R . L A R R A B B B . Treasurer.
F R A N K B . SE L L E R S , T ru st O fficer.
D IR E C T O R S :
G w ynn G arnett,
Chas. W .D r e w ,
W . D . K e r f o o t,
J o h n P . W ilso n ,
H o r a c e G . Chase,
E d so n K eith ,
J o h n G . Sh ortall,
G e o . M . B og u e.
John D eK oven,
A . H . Sellers.
Siam B . Chase,
uel
COU NSEL:
W. C. G on d y,
J e h u P . W ilso n ,
A. W . G reen
A . M . P en ce,

A. G. Becker & C o.,
(INCORPORATED)
SUCCESSORS TO

HERMAN 8 C H A F F N E R A CO.

COMMERCIAL PAPER,

CHICAGO.
Loeb

&

MORTGAGE BANEERS,
125 L A S A L L E ! S T R E E T , C H IC A G O .
F irst M ortgages f o r sale In large and sm all am ou n ts
aettin g Investors 6, 6)4 and 6 per cen t, secured b y
m proved and Incom e-bearing C h icago c ity p roperty.

P r in c ip a l an d I n te r e s t p a y a b le In G old*
C O R R E S PO N D E N C E S O L IC IT E D .
4 . O. S L A U G H T E R , M em ber N. Y . Stock E x ch a n g e
W M . V , B A K E R , M em ber C h icago S took E x ch a n g e

A. O. Slaughter Sc Go.,
BANKERS,
1 1 M 1 7 LA SALLE STREET,

CHICAGO, ILLS.
C hicago S e c u ritie s B ought an d S o ld .

Jamieson & C o.,
STOCKS—
BONDS,
em b ers N ew Y o r k a n d C h icago Stook E x ch a n g es

1 8 1 D EARBORN STREET.
C h i c a g o , I lls .
P rivate w ire t o N ew Y o r k an d P h ilad elp h ia.

BONDS

Y IE L D IN G

AN

4%

TO

6% and 7% Gold Mort^a^es.

E. S. DREYER & CO..

M ortg ag e. B a n k e r s ,

-

C H IC A G O , I L L

IN C O M E

OF

6%

CITY, MASON, LEW IS & C O ., Bankers
COUNTY
171 LASALLE 8TREET,
CHOOL SEND FOR LISTS.
CHICAGO.
T w ill pay six per cent and an e x tra d iv .
idend o f fou r per cent per annum fo r any
part o f T h ree Thousand D ollars you inay
have, in cash, w ith banks o l y paying
you three per cent. Security good as bo)nk
stock.
A p p ly t o

C. W ittman, Jr.,

L54 La Salle Street, • Chicago, IU. Banker and B rok er,
In te r e s t A llo w e d fr o m D ate o f R e c e ip t o f M on ey

Gatzert,

6 2 B roa dw a y, N. Y .

Stock Exchange

Securities

.B ough t a n d S o ld f o r C ash o r on M a r g in .

INVESTMENT BONDS A SPECIALTY.

- F irst M ortgage L oa n s o n Im p ro v e d P r o d u ctiv e
R ea l E state C entrally L o ca te d .
s o Y e a r s B u s in e s s W i t h o u t L o s s t o In v e s t o r s .
A d d r e s s all com m u n ica tio n s t o E astern Office.
A c t o r B u ild in g , » PU >o S t r e e t , N e w Y o r k

Edward Morton & Co.
47 BROADWAY, TÎVW V O R »,

THE CHRONICLE.

894

W atertow n, N. Y .— (Chronicle, vol. 58, page 789, and vol
59, page 300.)— H . F. Inglehart, Mayor. W e give below a
statement of the financial condition of Watertown, which has
been corrected by means of a special report to the Chbonicle
from City Treasurer C. R. Murray.
This city is in Jefferson County.
LOANS—
When Due. Total debt Oct. 1,1894.. $366,000
Water debt (included)... 235,000
C ity B onks—
33ss & 4s, $86,000.Oct. 1, ’94 to ’ 16 Tax valuation, real........6,514,580
4s, Oct., $20,000 . .Oct. 1, ’ 17to ’21 Tax valuation, personal.1,775,641
Total valuation 1894__ 8,290,221
($4,000 due yearly.)
Assessment about % actual value.
W a te k B onds—
7s, M&S, $50,000.....Part yearly Total tax (per $1,000)..,...$19*00
5s, M&S, 45,000.....Part yearly Population 1894 (local est.).19,000
4s, -M&S, 85,000.....Part yearly Population in 1890 was...... 14,725
3*28, M a g, 15,000.....Part yearly Population in 1880 was...... 10,697
3s, M&S. 40,000.....Part yearly
IN TER EST is payable at American Exchange National Bank Of
New York City, or in Watertown.
Sheldon School D istrict, Iow a.—A statement concerning
the finances of this district in July, 1894, is as below.
Sheldon is in O’Brien County.
Total debt July, 1894....... $25,000 I Beal valuation................$1,500,000
Tax valuation 1893...........536,047 |Population 1894 (estimated).3,000
Simsbury, Conn.— The figures of indebtedness, valuation,
etc., given in the following statement have been corrected to
October 1, 1894, by means of a special report received from
A . S. Chapman, Town Treasurer.
Simsbury is in Hartford County.
LOANS—
When Due. Net debt Oct. 1 ,1 8 9 4 .... $46,351
R a il r o a d B onds —
Tax valuation, real........ 654,084
4s, J & J ..$28,000.. July 1,1895 Tax valuation, personal. 501,474
($2,000 yearly) to July 1,1908 Total valuation 1893___1,155,558
4s, J & J ....$4,000..July 1,1909 Assessment about 23 actual value.
Bonded debt Oct. 1,1894..$32,000 Total tax (per $1,000) ’92 $14*00
Floating debt..................... 19,750 Tax valuation 1891.........1,105,237
Total debt........................... 51,750 Population in 1890 was........ 1,874
Sinking fund...............
5,399 Population in 1880 was........ 1,830
T AX FREE .—All bonds issued by this town are exempt from taxation.
IN TER EST is payable at the Hartford National Bank.

FINANCIAL.

N o tic e Is h e r e b y g iv e n th a t e igh t h u n d re d and
sev en ty -tw o (872) o f th e G en eral F irst M ort­
gage B on d s o f th e
N O R T H E R N P A C IF IC R A I L R O A D CO.
w ere th is day oraw n f o r th e Sinking F u n d in a cc o r d ­
an ce w ith th e requ irem en ts o f A r tic le s 11 a n d 12 o f
t h e T ru st M ortgage, num bered as fo llo w s , viz.:
81,000 COUPON BO N DS.

1012

1048
1096
1098
1121

1203
1238
1241
1270
1356
1393
1401
1451
1460
1544
1545
1553
1638
1650
1662
1675
1684
1796
1862
1901
1933
1952
1987
2047
2058
2137
2275
2376
2414




14861
14894
14912
14958
15004
15063
15119
15124
15128
15138
15228
15263
15283
15432
15448
15467
15541
15566
15615
15631
15649
15662
15737
15878
15899
15916
15945
16083
16154
16171
16232
16259
16353
16377
16459
16494
16522
16708
16762
16766
16773
16833
17013
17096
17151
17227
17241
17253
17348
17378
17379
17393
17433
17500
17554
17637
17661
17767
17875
3.8019

29906
30046
30237
30303
30370
30397
30403
30416
30429
30553
30560
30568
30600
30«66
30794
30830
30837
30953
30994
31087
31144
31173
31228
31234
31287
31238
31244
31257
31311
31325
31384
31419
31458
31473
31503
31512
31616
31632
31693
31710
31771
31834
31853
31914
31953
32086
32090
32133
32145
32153
32167
32179
32231
32301
32332
32363
32416
32466
32621
338P).

35849
35899
35904
35905
35916
35928
35953
35993
36034
36074
36090
36264
36268
36286
36306
36317
36338
36347
36416
36756
36940
36960
37001
37003
37008
37042
37078
37151
37162
37213
37220
37556
37586
37628
37674
37730
37733
37738
37930
37932
37943
38278
38320
38373
38463
38483
38551
38645
38658
38690
38704
38800
38976
38986
39139
39324
39344
39375
39384

mm

W a te r Works —

E lectric L ighting —

$10,000...July 1, 1899 5s, J&J, $11,000.......Jan. 1, 1896
10,000.. .Dec. 31,1900 5s, J&J, 15,000.......Jan. 1, 1898
10 ,0 0 0 . . . Feb. 5, 1900 5s, J&J, 1 4 ,0 0 0 ..... Jan. 1, 1900
20,000...July 1, 1900 5s, J&J, 35,000.......Jan. 1, 1901
10,000... .July 1,1901 5s, J&J, 25,000.......July 1, 1901
IN TEREST is payable at Marquette and Detroit.
T O T A L DEBT, ETC.—The total bonded debt in 1894 was $250,000,
of Which water debt was $100,000. The income from the city’ s water
works for the year 1893 was $22,926.
ASSESSED VALUATION.— In 1890 the assessed valuation of real
estate was $2,437,923; of personal property $619,930; total $3,047,853. Tax rate (per $1,000) $24*10. Estimated actual valuation,
$9,143,569.
POPULATION in 1894 (State Census) was 9,724; in 1890 (U. S.
Census), 9,093; in 1880 was 4,690.

5s, J&J,
5s, J&J,
5s, J&J,
5s, J&J,
5s, J&J,

Poplar Blnff, Mo.— (C h r o n i c l e , vol. 58, page 651.)— The
fo llo w in g figures are taken fro m an official re p o rt m ade in
September, 1894. N o statement of this c ity ’s financial con di­
tion has previously appeared in o u r publications.
This city is in Butler County.
LOANS—
When Due. Tax valuation 1894..........$754,248
Tax valuation 1892........ 604,550
W a te r B onds
6 s, A&O, $20,000.......Apr. 2,1914 Estim’d real value ’94.. .2,500,000
Population 1894 (localfig.)..3,600
Optional after Apr. 2,1904.
Total debt Sept., 1894.......$27,900 Population in 1890 was........ 2,187
Santa Rosa, Cal.— (Chronicle, vol. 59, page 751.)—E F.
Woodward, Mayor. C. L. Mobly, City Clerk. The following
statement has been corrected to date by means of a special re­
port to the Chronicle from the City Clerk.
This city is ia Sonoma County.
LOANS—
When Due. Tax valuation 1893___$3,800,000
Assesment about *2 actual value.
W a te r B onds —
4s, Deo., $165,000..Deo.,’94 to ’33 Total tax (per $1,000)........ $22*00
Population 1894 about..
6,000
($4,125 due yearly.)
Total debt Nov., 1894.. $165,000 Population in 1890 was....... 5,220

FINANCIAL.
$1,000 CO U PO N BO N DS.

81,000 CO U PO N BO N DS.

Northern Pacific Railroad Oo.

6640
6677
6756
6818
6821
6906
7104
7278
7297
7298
7335
7453
7481
7578
7610
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7639
7695
7729
7786
7799
7832
7895
7950
7973
7999
8004
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9089
9147
9240
9275
9284
9401
9436
9439
9457
9476
9580

Marquette, Mich.—George A . Royce, City Comotroller.
The following has been corrected by means of an official re­
port recently received.
This city is in Marquette County.
School B uilding —
LOANS—
When Due.
5s, J&J, $10,000.......Feb. 1, 1897
OIt y H aul Bonds —
5s, J&J, $30,000........Sept.l, 1899
5s, F&A. $50,000...Aug. 15, 1903

FINANCIAL,

C A LL No. 13

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929
982

[VOfc. Ï1ÏX.

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9678 18170 32865 39510
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9690 18314 32870 39512
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9860 18322 32939 39652
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9989 18371 33028 39704
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10076 18500 33045 39742
2701 10138 18548 33097 39746
2824
10140 18568 33111 39825
2841
10174 18593 33168 39871
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10179 18692 33175 39912
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10211 18725 33208 40045
3017
10270 18757 33248 40107
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10369 18784 33291 41252
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10370 18981 33311 41275
3105
10406 18997 33523 41285
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10424 19152 33526 41401
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10425 19228 33570 41475
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10513 19262 33577 41476
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10590 19332 33583 41535
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10629 19481 33585 41703
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10684 19527 33597 41754
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10780 19543 33608 41902
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10825 19655 33629 41949
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10997 19678 33635 41997
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11022 20026 33728 42013
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11252 20405 34191 42481
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11254 20447 34296 42486
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11272 20456 34303 42509
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11522 20470 34355 42514
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11537 20475 34357 42567
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11559 20527 34409 42585
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11686 20563 34418 42610
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11763 20643 34463 42623
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11972 20686 34471 42707
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11993 20700 34546 43185
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12008 20737 34615 43228
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12114 20876 34737 43339
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12135 20912 34795 43407
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12268 20976 S4839 43410
j
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12360 20978 34841 43633
5059 12428 21055 34861 43696
5060 12457 21080 34894 43754
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12469 21084 34936 43758
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12496 21091 34942 43798
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12517 21309 34956 43827
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12537 21416 34976 43835
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12554 21428 35019 43836
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12575 21635 35072 43975
5430
12678 21648 35076 44018
5437
12827 21651 35088 44078
5502
12875 21659 35121 44109
5566
12887 21687 35192 44121
5612
12891 21760 35211 44140
5655
18003 21784 35213 44149
5660
13013 21901 85217 44179
5765
13044 21946 35257 44215
5779
13064 28556 35279 44246
5902
13092 28559 35344 44326
5904
13103 28561 35380 44422
5922
13127 29071 35394 44457
5956
13204 29081 95431 44439

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T h e se b o n d s w ill h e p aid a t 110 an d a ccru ed inter­
e s t u p on p resen tation a t t h e office o f th e Central
T ru s t C om uany. N o. 54 W a ll Street, N ew Y ork .
T h e in te re s t o n th e a b o v e b o n d s will oea seon
and a fte r Jan uary 1st, 1895:
C E N T R A L T R U S T CO. O F N E W Y O R K , TR U STE E,
E . F . H Y D E , S econ d V ice-P resid en t.
New Y ork , N o v e m b e r 13,1894.

The Globe Filing System I

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